The National Price Coordinating Council has endorsed the Department of Agriculture’s proposal to prolong the P50‑per‑kilogram price ceiling on imported 5 % broken rice for an additional 60 days.
The extension is presented as the final adjustment and is pending approval from the President. Officials indicated that the decision will determine the next phase of rice price management.
Since the price cap was implemented, average retail prices have declined to roughly P47‑P48 per kilogram. The reduction reflects the immediate impact of the policy on market rates.
Authorities warned that a shortage caused by the current lack of harvest could push prices upward if the ceiling is not maintained. An extra two‑month period, aligning with the expected August‑September harvest, is expected to stabilize prices and bolster supply, supporting broader inflation‑control efforts.
