The Department of Agriculture (DA) has formed a technical working group (TWG) that would oversee improvements in the government’s implementing guidelines for preventing hoarding and the manipulation of prices of farm goods. Agriculture Secretary Francisco Tiu Laurel Jr. issued Special Order (SO) 1379 that mandated the creation of the TWG…
AN alliance of agriculture groups has urged government to reimpose a price ceiling on rice next month, but the Department of Agriculture (DA) is lukewarm to the proposal, arguing that there are other options to ensure that domestic staple prices remain stable and affordable. “I do not think [we have to reimpose the price cap].
PRESIDENT Marcos Jr.’s decision to lift the price ceiling on rice was made “at the right time” as the country starts its main harvest of palay, with some pundits claiming that the measure was “successful” in curbing “market collusion.” However, some economists pointed out that the lifting of the price ceiling prevented further domestic rice