President Ferdinand Marcos Jr. has ordered a temporary price ceiling on imported rice to curb unjustified price increases and market abuse.
Under Executive Order No. 118, imported rice with five percent broken content will be capped at ₱50 per kilogram for 30 days.
The move follows a recommendation from the National Price Coordinating Council and is grounded in existing laws allowing government intervention during abnormal price spikes and market manipulation.
The Department of Trade and Industry and the Department of Agriculture, along with other agencies, were directed to enforce the price cap and monitor illegal trade practices such as hoarding and smuggling.
The order takes effect immediately upon publication and aims to stabilize supply while protecting consumers from profiteering.
Source: PhilNews24 | May 14, 2026
IMPORTED RICE PRICES TEMPORARILY CAPPED UNDER MARCOS ORDER
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