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.