Philippines Moves to Cap Imported Rice Price at P50 per Kg to Stabilize Market

The National Price Coordinating Council has approved a proposal to set a price ceiling of P50 per kilogram for imported rice, a move aimed at controlling soaring rice prices. This policy step is crucial amid inflationary pressures and market volatility, pending President Ferdinand Marcos Jr.'s approval. The decision signals ongoing government efforts to curb inflation and ensure food affordability for Filipinos.