In a decisive move to address food affordability, Malacañang is set to implement a price ceiling of P50 per kilogram for imported well-milled rice. President Ferdinand Marcos Jr. announced that an executive order will be issued promptly to enforce this measure, following a meeting of the Unified Package for Livelihoods, Industry, Food and Transport Committee.
Expanding Government Rice Initiatives
The Chief Executive also revealed that the government's P20 per kilogram rice program is being significantly expanded. Currently, there are 627 distribution centers nationwide, and the supply has surged from 600 tons to 2,000 tons due to increased demand. This expansion aims to ensure broader access to affordable rice for Filipino consumers.
Coordinated Price Stabilization Efforts
This action is based on recommendations from the National Price Coordinating Council, which oversees monitoring and stabilizing prices of essential goods. President Marcos emphasized that prices of basic commodities, including rice, remain at suggested retail levels. The government continues its efforts to control prices of 205 commodities amidst the ongoing energy crisis.
Authorities are actively engaging with manufacturers and retailers, urging them to refrain from price hikes until next month. This collaborative approach seeks to mitigate inflationary pressures and protect household budgets.
Addressing the National Energy Emergency
In a related development, President Marcos signed Executive Order No. 110, declaring a state of national energy emergency due to persistent tensions in the Middle East. This order grants him authority to implement measures for fuel and energy allocation, as well as energy conservation programs.
The executive order also reinforces the UPLIFT framework as the government's comprehensive strategy for coordinated responses to livelihood, industry, food, and transportation challenges. These combined actions underscore the administration's multifaceted approach to stabilizing essential commodity prices and addressing broader economic and energy security concerns.
