AreaPhilippines

Commodity GroupRice

CommodityAll

Date14/08/2020

Policy CategoryConsumption and marketing

Policy InstrumentPrice controls

DescriptionAdjusted Suggested Retail Prices (SRPs) for imported rice, raising them by 2.0 and 2.4 percent for special and premium rice, respectively, to PHP 52 and 43 (USD 1.07 and 0.89) per kg. Conversely, the SRP was lowered by 5.0 percent for well milled rice to PHP 38 (USD 0.78) kg. In the case of local rice, SRPs were left unvaried at PHP 53, 45 and 40 (USD 1.09, 0.93 and 0.83) per kg for special, premium and well milled rice, respectively.

NotesExchange rate as of 15 October 2020.