Philippines to impose price cap on imported rice

MANILA — Philippine President Ferdinand Marcos Jr. said on Tuesday that the government will cap the price of imported well-milled rice at P50 per kilo ($0.8238) to keep food prices in check as rising fuel costs caused by the Middle East crisis threaten to stoke inflation. “We will issue the executive order at the soonest possible time […] The post Philippines to impose price cap on imported rice appeared first on Interaksyon.