DA to Issue Show-Cause Orders Against Rice Price Manipulators
Manila: The Department of Agriculture (DA) on Wednesday warned that it would issue show-cause orders against those behind the spiking rice retail prices amid a stable supply. This announcement comes as the prevailing price of premium imported and local rice in Metro Manila rose to PHP50 per kg. as of October 20, exceeding the PHP43 maximum suggested retail price (MSRP) set for 5 percent broken imported rice. According to Philippines News Agency, DA spokesperson Assistant Secretary Arnel de Mesa has assured swift actions against those who may be taking advantage of consumers, starting Thursday or within the week. “Mag-iikot muli