Sinag: Consumers to benefit from rice price caps
newscatcher
2023-09-03 15:33
Sinag: Consumers to benefit from rice price caps
INQUIRER FILE PHOTO MANILA, Philippines—Farmers group Samahang Industriya ng Agrikultura (Sinag) Executive Director Jayson Cainglet on Saturday said that consumers would immediately benefit from Executive Order (EO) 39 issued by President Marcos, mandating a price cap of P41 per kilo for regular rice and P45 per kilo for well-milled rice. 'From the current retail of P60 (per kilo) it will now become P45 (per kilo), definitely the consumers will benefit here,' Cainglet said. Cainglet added that at present, the prevailing retail price for regular milled rice is at P52 per kilo.

https://business.inquirer.net/419036/sinag-consumers-to-benefit-from-rice-price-caps

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