The costs at a rice retailer present they’re all above the caps set by the President. —LYN RILLON
MANILA, Philippines — The Office of the Executive Secretary (OES) clarified late Friday evening that the worth ceiling for normal and well-milled rice within the nation can be efficient on Tuesday, September 5.
Under Executive Order (EO) No. 39, which was mandated on Friday, the worth ceilings of regular-milled rice and well-milled rice can be at P41 and P45 per kilogram, respectively.
OES undersecretary Leonardo Cervantes added that EO No. 39 can be efficient upon its publication in nationwide newspapers.
According to Malacañang, E0 39 was declared in response to the rising costs of rice attributable to a number of elements reminiscent of unlawful worth manipulation, in addition to international occasions, such because the Russia-Ukraine battle, India’s ban on rice exportation, and rising oil costs.
The worth ceiling will stay till lifted by President Ferdinand “Bongbong” Marcos Jr. upon the advice of the Price Coordinating Councils, or the Department of Agriculture, of which he’s the appearing secretary, or the Department of Trade and Industry.
RELATED STORIES
Bongbong Marcos orders worth caps for rice at P41 to P45 per kilo