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
Latest from News
Anti-corruption groups staged protest marches in Makati and Quezon City on Sunday, calling for accountability over
United States Ambassador Lee Lipton arrived in Manila on Sunday to begin his diplomatic posting, the
The Department of Human Settlements and Urban Development (DHSUD) said at least 2,800 families affected by
The Philippine National Police (PNP) is urging schools, colleges, and universities to coordinate with local police
MORE Electric and Power Corp. (MORE Power) is calling for the normalization of the Visayas power