The National Price Coordinating Council NPCC has endorsed the imposition of a P50 per kilo price ceiling on imported rice as surging global oil prices driven by ongoing geopolitical tensions in the Middle East continue to push up food costs in the Philippines.
Agriculture Secretary Francisco P. Tiu Laurel Jr. said that the Department of Energy (DOE) has assured him that farmers and fisherfolk are allowed to buy petroleum products in portable containers, as long as they comply with rules designed to prevent hoarding and ensure equitable fuel distribution during the national energy emergency.
President Ferdinand Marcos Jr. inspected key farm facilities and a new road project in Isabela aimed at improving food supply and increasing farmers’ earnings.
The National Price Coordinating Council (NPCC) has approved a proposal from the Department of Agriculture to set a temporary price ceiling of ₱50 per kilogram on imported rice (5 percent broken).