Agriculture Secretary Francisco Tiu Laurel, Jr. said on Wednesday the Department of Agriculture is not considering the proposed imposition of suggested retail price (SRP) on farm products, particularly rice.
“We’re not doing it. Prices of rice and other agricultural products in international markets like Thailand and other countries are volatile and fluctuating due to El Nino. Hence, we’re not suggesting to control prices at the moment,” he said.
The agriculture chief said that earlier proposals for an SRP was just an idea based on available remedies according to the Republic Act 7581 or the Price Act.
FULL POST: https://www.da.gov.ph/da-not-considering-srp-on-rice…/…