Sunday 20 January 2019
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inquirer - 3 month ago

‘Moving SRPs’ on rice a welcome move

The government will impose a moving suggested retail price (SRP) and labeling on rice before October ends. A moving SRP, according to Agriculture Secretary Manny Piol, means these prices will go up or down depending on market factors. Violators will be fined P2 million and face imprisonment of not less than a year under the Price Act. After flooding the market with 2.4 metric tons of imported and local rice, the Department of Agriculture wants to limit to only five the types of commercial rice that w

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