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Saturday, March 28, 2026

Philippines Seeks 30-Day Price Cap on Rice as Fuel Costs Surge

 


A Philippine government council on price coordination has endorsed a plan to impose a 50-peso ($0.83) a kilo ceiling on imported rice as the war in Iran continues to drive up food and fuel costs.

The proposed limit, backed by the National Price Coordinating Council, awaits the approval of President Ferdinand Marcos Jr., according to the Department of Agriculture.

https://www.bloomberg.com/news/articles/2026-03-28/philippines-seeks-30-day-price-cap-on-rice-as-fuel-costs-surge

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