Most NCR Markets Adhere to PHP58/kg MSRP for Imported Rice
Manila: The Department of Agriculture (DA) on Monday announced that numerous markets in Metro Manila are complying with the maximum suggested retail price (MSRP) of PHP58 per kilogram for imported rice on the first day of its implementation. According to Philippines News Agency, the MSRP initiative aims to curb profiteering and stabilize rising rice prices, specifically targeting 5 percent broken imported rice. DA spokesperson Arnel De Mesa expressed satisfaction with the compliance observed in many Metro Manila markets during a morning inspection. He noted that most markets are selling 5 percent broken rice at or below the MSRP, with prices