00:00Yesterday, the 58 Pesos Maximum SRP in Imported Rice became effective.
00:05It's a good thing that it's being followed by vendors.
00:08Isaiah Mirapuente in Detail Live. Isaiah.
00:13Rice in Shine Bien, you're right. It's been 3 days.
00:16Now, the maximum suggested retail price in Premium Imported Rice is being fulfilled.
00:23It's still being followed by all rice retailers here in Tandang Sora.
00:27Markets have set the maximum suggested retail price in rice.
00:31Since Monday, the Department of Agriculture has implemented the 58 Pesos Maximum Retail Price in Rice.
00:38It means that the 58 Pesos should be the most expensive imported rice that is being sold in the markets.
00:44This MSRP is currently being implemented in the whole Metro Manila.
00:49However, the DA has promised that this will be implemented in the provinces.
00:54The government also said that they will not restrict the implementation of the maximum suggested retail price.
01:00But they will always monitor the price of rice in the whole NCR.
01:05They will make it clear that this is only a suggested retail price and not a price ceiling in rice.
01:11The government also assures that supermarkets are following the price of imported rice.
01:17Specialty rice such as Malagkit Rice, Japanese Rice, and Black Rice are not included in the policy.
01:24The MSRP also includes a nominal profit margin of Php 10 per kilo in the landed cost of imported rice.
01:33I'm now here in Tandang Sora Public Market.
01:36I noticed that there is no longer an imported rice price of more than Php 58.
01:44However, the DA also said that special variety rice such as Japanese Rice, Malagkit Rice, Black Rice, and even local rice are not included in the policy.
01:59Meanwhile, there are still affordable rice available in some families in Metro Manila.
02:06Such as Saguadalupe Market, Kamuling Public Market, Malabon Central Market, New Las Piñas City Public Market, and Pasay City Public Market.
