Department of Agriculture Takes Action Against 36 Retailers for Rice Price Violations
DA flags 36 retailers for violating price cap for imported rice
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The Department of Agriculture (DA) has issued violation notices to 36 retailers across the Philippines for breaching the price cap of P50 per kilogram on imported rice. This enforcement aims to protect consumers from unjust price hikes and ensure compliance with government policies.
- 01Notices were issued to retailers in various regions: 19 in Ilocos, 8 in Metro Manila, 4 in Central Luzon, 3 in Negros Island Region, and 2 in Bicol.
- 02Executive Order No. 118, signed by President Marcos, sets a nationwide price ceiling of P50 per kilogram on 5-percent broken imported rice.
- 03The DA's inspections revealed instances of mislabeling, including retailers selling imported rice at inflated prices and misrepresenting local rice as imported.
- 04Retailers have expressed concerns that the price cap may limit their profits due to high supplier costs.
- 05The DA has emphasized the need for retailers to disclose their supply sources to investigate pricing practices in the rice trade.
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The Department of Agriculture (DA) has flagged 36 retailers across the Philippines for violating the mandated price ceiling of P50 per kilogram on imported rice. Notices of violation were issued to retailers in various regions, including 19 in Ilocos, 8 in Metro Manila, and 4 in Central Luzon. This enforcement is part of the DA's efforts to monitor compliance with Executive Order No. 118, which aims to prevent unreasonable price increases amid rising costs influenced by global events. Inspections revealed cases of mislabeling, where some retailers sold imported rice at prices exceeding the cap, while others misidentified local rice as imported. Retailers have raised concerns that the price cap could impact their profit margins due to high supplier prices. The DA has called for transparency in supply sources to address potential abuses in the rice market.
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The enforcement of the price cap aims to protect consumers from inflated rice prices, ensuring affordability of a staple food.
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