– An official of the Department of Agriculture said the now lifted price cap on rice was “effective,” despite the controversy surrounding the move which was made
President Ferdiand Marcos Jr. lifted it on Oct. 4, but assured that assistance to farmers and the poor will continue.“Masasabi natin na nag-work dahil yung huling datos namin ay pati yung premium at special rice ay bumaba hanggang ₱5 doon sa latest monitoring namin. On the general average ngayon ng presyo ng regular at well-milled ay halos kapantay,” Agriculture Assistant Secretary Arnel de Mesa told CNN Philippines’ The Exchange on Friday night.
Meanwhile, based on the DA’s Oct. 5 price monitor, local regular milled rice was sold at ₱40 to ₱44 per kilo, while well-milled rice was sold at ₱44 to ₱48 per kilo.
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