(INQUIRER FILE PHOTO)
MANILA, Philippines – Extending the government’s P50 per kilo price cap on imported rice at least for another month is still being studied by President Ferdinand R. Marcos Jr., with the approaching harvest season among the factors being considered, according to Malacañang.
Palace press officer Claire Castro said on Wednesday that the Department of Agriculture (DA) informed Malacañang that the National Price Coordinating Council had already submitted its recommendation to the President to extend the price ceiling, which supposedly lapsed last month.
The recommendation remains under review by the President for approval as the administration weighs the expected wet season harvest by September.
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