NFA, DTI launch SRP for rice in Northern Mindanao
The National Food Authority (NFA) and the Department of Trade and Industry (DTI) have recently launched the Suggested Retail Price (SRP) for rice at the Cogon Market in Cagayan de Oro City.
The SRP for rice are as follows: Imported well-milled (P39 per kilo), Imported premium or PG1 (P43 per kilo), Imported premium or PG2 (P40 per kilo), Local regular-milled (P39 per kilo), Local well-milled (P44 per kilo), and Local premium grade (P47 per kilo).
With the SRP, rice traders and retailers are also expected to comply with the prescribed labelling of rice boxes and price tags.
Rice sold in the markets shall only be classified as regular milled rice (RMR), well-milled rice (WMR) premium and special.
The labels shall likewise identify whether the rice is imported or local.
The launch was attended by officials of the NFA, DTI, and the Confederation of Grains Retailers Association of the Philippines (GRECON).
Monitoring of the SRP implementation and compliance to the set guidelines will be done regularly by the NFA and other regulatory agencies.