AreaPhilippines

Commodity GroupRice

CommodityAll

Date23/10/2018

Policy CategoryConsumption and marketing

Policy InstrumentPrice controls

DescriptionApproved guidelines for Suggested Retail Prices (SRP) of rice. In addition to setting out labelling requirements, the document sets the SRP for locally produced regular milled rice at PHP 39 (USD 0.75) per kg, at PHP 44 (USD 0.85) per kg of local well-milled rice, and at PHP 47 (USD 0.91) per kg of local premium rice. In the case of imported supplies, SRPs of PHP 39, 40 and 43 (USD 0.75, 0.77 and 0.83) would apply per kg of well-milled, PG2 premium and PG1 premium rice, respectively. Specialty rice (including glutinous, aromatic, pigmented, japonica and organic rice) would be exempted from the SRPs, independent of its origin. The measure entered into force on 27 October 2018, initially covering Metro Manila and Greater Manila.

NotesExchange rate as of 15 April 2019.