AreaPhilippines

Commodity GroupRice

CommodityAll

Date08/03/2020

Policy CategoryConsumption and marketing

Policy InstrumentPrice controls

DescriptionIn line with provisions set out under Republic Act No. 7581, prices of goods deemed necessities, including rice, were automatically frozen at their prevailing levels following the 8 March declaration of nation-wide state of public health emergency and the 16 March declaration of state of calamity. Accordingly, price increases for these basic goods in retail markets were barred under any circumstance until 15 May 2020, or sooner, if so decided by the President of the Philippines.