Atin Ito First Filipino Community Newspaper in Ontario
THE government is ready to lift the price ceiling on rice, an official of the Department of Agriculture (DA) said Tuesday, citing decrease in the prices of the staple in the market and the expected increase in supply during the harvest this month.
Rice retailers inside the Pasay City Public Market in Libertad, Pasay wait for consumers during the first day of the implementation of Executive Order 39, or the Imposition of Mandated Price Ceilings on Rice. According to the rice retailers, it is impossible for them to follow the Php 41 price cap since they buy the rice from traders at a minimum of around Php 45 per kilogram. PHOTO BY J. GERARD SEGUIA
President Ferdinand Marcos Jr. met with DA officials and other agencies during a sectoral meeting in Malacañang on Tuesday.
At a Palace press briefing, Agriculture Director Gerald Glenn Panganiban said that decreasing rice prices have been observed during the implementation of the rice price cap in the country.
“That’s the indication ano. From our parameter naman, mukhang ready na ( it seems that we are ready). But of course it’s all upon the President to decide on it,” Panganiban told reporters, when asked about the possible lifting of the rice price ceiling.
Marcos, who currently serves as the country’s Agriculture chief approved a price cap on regular and well-milled rice to combat the rising prices, P41 per kilogram and P45 per kilogram, respectively. — Catherine S. Valente
*****
Credit belongs to: www.manilatimes.net
