DA meeting market leaders on high retail prices of rice

Quick Summary:

THE Department of Agriculture (DA) will meet with market leaders amid the still elevated retail prices of rice despite the reduction in tariff on the country’s staple food.

If prices are deemed excessive or unreasonable, the DA can recommend to the president the imposition of a price ceiling.

The Price Act aims to protect consumers by stabilizing prices of basic goods and prime commodities.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Prices Retail Rice Agriculture Kilo Price Laurel Market Meeting Data Leaders

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:08:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23329187

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 11 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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