SRP for rice in Bicol to be set this week

MANILA -- The Suggested Retail Price (SRP) for both imported and locally-grown rice in the Bicol region will be set by the National Food Authority Council on Tuesday (Oct.23) , Department of Agriculture (DA) Secretary Emmanuel Piñol said last week.

This, he said, is in a bid to arrest profiteering by some traders.

Piñol said it was agreed that the SRPs could change depending on world market prices for imported rice and other factors affecting the Philippine rice market.

Piñol said the use of fancy names like ‘Senandomeng’, ‘Super Angelica’, ‘Yummy Rice’, and others will no longer be allowed.

Rice sold will only be classified as regular milled, well-milled, premium and special rice, he added.