Rice prices in the Philippines have increased by as much as ₱3 to ₱5 per kilo, according to the Department of Agriculture (DA).
Data from the agency showed that locally produced rice rose by about ₱3 per kilo, while imported rice recorded increases of up to ₱5 per kilo compared to the previous week. The adjustment came even before the recent increase in fuel prices.
The DA’s latest monitoring indicated that imported well-milled rice, previously priced between ₱37 and ₱46 per kilo, is now being sold within the range of ₱42 to ₱45 per kilo.
Meanwhile, the price of locally produced well-milled rice has reached ₱57 per kilo.
In response to the price movement, Agriculture Secretary Francis Laurel proposed imposing a ₱50 per kilo price cap on imported rice.
Laurel said the proposed cap aims to protect the price of locally produced palay and prevent profiteering in the market.
The DA continues to monitor rice prices and supply conditions as part of its efforts to maintain stability in the country’s staple food market.
The agency has not yet announced when the proposed price cap could be implemented.
Further developments are expected as authorities assess the impact of price movements and consider possible interventions.
