DA eyes lower MSRP for imported rice in July
In a statement released Sunday, the DA said it plans to reduce the MSRP of imported rice to P43 per kilo starting July 1, 2025 from the current P45 per kilo that took place on March 31, 2025.
Latest data available from the DA's price monitoring show that prices of imported commercial rice in Metro Manila ranged from P39.83 per kilo to P58.65 per kilo as of last Wednesday, June 4, depending on the specification.
To recall, President Ferdinand 'Bongbong' Marcos Jr., under Executive Order 62 issued in June 2024, lowered tariff rates for rice to 15% until 2028 from 35% previously.
This comes as the administration seeks to lower the price of commercial rice, with the P20-per-kilo rice being sold in KADIWA or Kautwang sa Diwa at Gawa para sa Masaganing Ani at Mataas na Kita Centers starting in May, with the pilot set to go through December. This was the campaign promise of Marcos during his presidential run in 2022.
Under the program, the government is set to procure rice from the National Food Authority (NFA) at P33 per kilo. These will then be sold at P20 per kilo, with the P13 per kilo subsidy to be shared by the national government and the local government units at P6.50 each.
'Marami pa rin ang nagdududa kung paano masu-sustain o patatagalin itong P20 rice na ito. May stock pa ba tayo ng bigas? Kaya ba ito na bayaran ng gobyerno?' Marcos said in a vlog released Sunday.
'Masu-sustain po natin 'yan basta't nagtutulungan ang lahat. Ang sisiguruhin natin ay hindi mawawalan ng abot kayang bigas ang ating mga kababayan,' he added.
(There are a lot of doubters if this P20-per-kilo rice can be sustained or extended. Do we still have stocks of rice? Can the government pay for this? We can sustain this as long as everyone helps. We will ensure that our countrymen will not go without affordable rice.)
DA monitoring shows that prices of local commercial rice in Metro Manila markets ranged from P38.17 per kilo to P57.73 per kilo as of June 4, 2025. —Jon Viktor Cabuenas/RF, GMA Integrated News
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
17 hours ago
- GMA Network
Villanueva: No senator linked with contractors with most flood control projects
Senate Majority Leader Joel Villanueva on Monday said that there are no lawmakers in the upper chamber who are linked with the 15 contractors named by President Ferdinand ''Bongbong'' Marcos Jr. that have the most flood control projects. 'I can only speak for this house, not the other house. And as far as I'm concerned as the majority leader of the Senate, I don't see any senators involved in any of these 15 construction firms,' Villanueva said in a press conference. When asked if there are members of the House of Representatives who are involved in such, the senator said, 'Madali. Bibigyan ko na lang kayo ng mga papeles para mas magandang 'yun ang magsalita kaysa ako.' (That's easy. I'll just give you the papers that can speak on my behalf.) Marcos earlier in the day disclosed that 20% of the total P545 billion budget of flood control projects was awarded to only 15 contractors, calling it 'another disturbing assessment.' The President also said that five of these 15 contracts have projects in almost all regions nationwide. Asked if these contractors have links to sitting government executives and officials, Marcos said the administration is still looking into it. ''We will still go through every single one. And we still have to see what really is – what really is credible and what needs to be acted upon,'' Marcos said. Villanueva also said that it is up for the President to decide whether Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan should step aside amid the investigation into failed flooding projects. 'If the President feels na he still enjoys his trust and confidence, then there's nothing we can do about it. Ang sa akin lang, importante na maging impartial ang investigation at maging mataas ang kredibilidad ng pag-imbestiga dito na talagang walang sasantuhin,' the Senate majority leader said. (If the President feels that he still enjoys Bonoan's trust and confidence, then there's nothing we can do about it. For me, it's important that the investigation be impartial and that the credibility of the investigation be high so that absolutely nothing will be done.) — RF, GMA Integrated News
GMA Network
18 hours ago
- GMA Network
Top 15 contractors na nakakuha ng pinakamaraming flood control projects, inilabas ni Marcos
Inilantad ni Pangulong Ferdinand ''Bongbong'' Marcos Jr. ngayong Lunes ang 15 kontratista na nakakuha ng 20% sa kabuuan ng P545 bilyong pondo ng control projects. ''This is another disturbing assessment, statistic: 20% of the entire P545 billion budget napunta lang sa 15 na contractor,' ayon kay Marcos sa isang press conference kasabay ng paglulunad ng website tungkol sa flood control projects. 'Sa 15 na contractor na 'yan, lima sa kanila ay may kontrata sa buong Pilipinas. Keep going. Ayan. Ito na 'yung listahan,'' patuloy niya. ''And this is what I was talking about. Five of these 15 contracts have projects in almost all regions nationwide.'' Ang 15 kontratista ay ang: 1. Legacy Construction Corporation 2. Alpha & Omega Gen. Contractor & Development Corp. 3. St. Timothy Construction Corporation 4. QM Builders 5. EGB Construction Corporation 6. Topnotch Catalyst Builders Inc. 7. Centerways Construction and Development Inc. 8. Sunwest, Inc. 9. Hi-Tone Construction & Development Corp. 10. Triple 8 Construction & Supply, Inc. 11. Royal Crown Monarch Construction & Supplies Corp. 12. Wawao Builders 13. MG Samidan Construction 14. L.R. Tiqui Builders, Inc. 15. Road Edge Trading & Development Services Ayon kay Marcos, ang limang kontratista na may proyekto sa lahat ng rehiyon ng bansa ay ang Legacy Construction Corporation, Alpha & Omega Gen. Contractor & Development Corp., St. Timothy Construction Corporation, EGB Construction Corporation, at Road Edge Trading & Development Services. Nang tanungin kung may kaugnayan ang mga kontratista sa mga nakaupong opisyal sa pamahalaan, sinabi ni Marcos na inaalam pa nila ito ngayon. ''We will still go through every single one. And we still have to see what really is – what really is credible and what needs to be acted upon'' sabi ng pangulo. BASAHIN: Marcos, dismayado sa flood control projects: Marami ang palpak, ang iba, guni-guni lang Sa nakaraang State of the Nation Address ni Marcos, nangako ang pangulo na hahabulin niya ang mga nasa likod ng maanomalyang flood control projects bunga na rin ng matinding pagbaha na naranasan sa Metro Manila at iba pang lalawigan nitong nagdaang mga bagyo at Habagat.— mula sa ulat ni Anna Felicia Bajo/FRJ GMA Integrated News
GMA Network
20 hours ago
- GMA Network
LIST: 15 contractors with most flood control projects
President Ferdinand ''Bongbong'' Marcos Jr. on Monday disclosed that 20% of the total P545 billion budget of flood control projects was awarded to only 15 contractors. ''This is another disturbing assessment, statistic: 20% of the entire P545 billion budget napunta lang sa 15 na contractor. Sa 15 na contractor na 'yan, lima sa kanila ay may kontrata sa buong Pilipinas. Keep going. Ayan. Ito na 'yung listahan,'' Marcos said during a press conference where he launched the website on flood control projects. ''And this is what I was talking about. Five of these 15 contracts have projects in almost all regions nationwide,'' he added. The 15 contractors were the following: 1. Legacy Construction Corporation 2. Alpha & Omega Gen. Contractor & Development Corp. 3. St. Timothy Construction Corporation 4. QM Builders 5. EGB Construction Corporation 6. Topnotch Catalyst Builders Inc. 7. Centerways Construction and Development Inc. 8. Sunwest, Inc. 9. Hi-Tone Construction & Development Corp. 10. Triple 8 Construction & Supply, Inc. 11. Royal Crown Monarch Construction & Supplies Corp. 12. Wawao Builders 13. MG Samidan Construction 14. L.R. Tiqui Builders, Inc. 15. Road Edge Trading & Development Services Marcos said the five contractors with projects in almost all regions across the country include Legacy Construction Corporation, Alpha & Omega Gen. Contractor & Development Corp., St. Timothy Construction Corporation, EGB Construction Corporation, and Road Edge Trading & Development Services. Asked if these contractors have links to sitting government executives and officials, Marcos said the administration is still looking into it. ''We will still go through every single one. And we still have to see what really is – what really is credible and what needs to be acted upon,'' Marcos said. In his last State of the Nation Address, the President vowed to ensure that those involved in anomalous flood control projects would be held accountable. —KG, GMA Integrated News
