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P58/kg imported rice max SRP now in effect
By J.Lo
“Maximum SRP on five percent broken imported rice and changes on labeling will start Jan. 20,” , Agriculture Assistant Secretary and spokesman Arnel de Mesa said maximum suggested retail price (SRP) of P58 on imported rice takes effect today, as cost of staple remains high despite implementation of Executive Order 62, lowered tariff on imported grains to 15 percent from 35 percent.
De Mesa said personnel of DA and Department of Trade and Industry (DTI) would inspect different markets in Metro Manila to ensure compliance to P58 maximum SRP.
De Mesa said based on agreement of Agriculture Secretary Francisco Tiu Laurel Jr. with Metro Manila mayors, local government units (LGUs) will also help in implementing maximum SRP.
“No sign of maximum SRP on price tag per se, but our personnel from DA and DTI will jointly monitor compliance in markets… DA has no power to implement sanctions at the moment but DTI, through their Fair Trade Enforcement Bureau and LGUs have power to monitor and impose sanctions,” De Mesa stressed.
He added that under Price Act, traders can impose maximum of 10 percent profit on items they sold.
“Under maximum SRP, P58 should be highest price for rice being sold in markets,” he said.
According to De Mesa, certain rice varieties such as glutinous rice, black rice and red rice will not be covered by maximum SRP.
“These are rice varieties not covered by maximum SRP but if consumers monitor premium and special imported rice exceed P58 per kilo covered by MSRP, they can report to us using hashtag #BantayPresyo,” De Mesa said.
Based on monitoring of DA, retail price of imported rice was still sold as high as P65 per kilo; imported premium rice, up to 60 per kilo; imported well-milled rice, 52 per kilo; imported regular milled rice, P48 per kilo.
De Mesa said that the government is confident that the retail price of rice would go down in the next few days.
On the other hand, De Mesa said that Tiu Laurel would talk to President Marcos before the formal implementation of the food security emergency which is expected to be signed on Wednesday.
“Secretary Laurel mentioned that he will talk to the President before the formal declaration but we are happy with his support,” he added.
He said that the DA is awaiting the signed resolution of the National Price Coordinating Council (NPCC) prior to the declaration of food security emergency.
“Let us wait for the parameters as the resolution (of the NPCC) has yet to be received by the DA which will be the basis for the conditions to be set by the government (on the implementation of food security emergency) but this should be fast,” De Mesa said.
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