MANILA - The government will impose suggested retail prices (SRP) for rice by late October amid the rising cost of commodities, Agriculture Secretary Emmanuel Piñol said Wednesday.
Piñol said stakeholders agreed in a meeting last week to the following SRPs for every kilo of rice:
- Regular milled rice - P38 to P39
- Well-milled rice - P40 to P41
- Whole grain head rice - P42 to P44
Rice prices are expected to slide by the end of the month due to the start of the local harvest season and the arrival of imported staple grains, the official said.
At the same time, "misleading" names of rice varieties like "Sinandomeng," "Dinorado," "Angelica" and "Yummy-Yummy" will also be removed from the description of special rice varieties, he said.
Rice products will instead be labeled only as regular milled, well-milled, long grain head and special rice, he said.
"The traders and the retailers can actually change the names at the risk of losing their licenses," he added.
By mid-2019, authorities will also ban the display of rice products in open containers as this is "unsafe and unhealthy," said Piñol.
Retailers will be required instead to sell the staple in vacuum-sealed bags that contain information on which group of farmers produced the rice, their contact number, and the products' date and place of milling, he said.