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Nov 9, 2018 @ 11:42

SRP on rice takes effect in the province

The National Food Authority (NFA) will launch today in Ormoc City the Suggested Retail Price (SRP) program covering all provinces and regional cities all over the country.

The NFA, backed by the Department of Trade and Industry and the Philippine National Police, will also start imposing today the sanctions against rice traders and retailers who have not complied with the SRP set for both local and imported rice sold in the market.

“The SRP for Metro Manila and the Greater Manila Area was implemented on October 27 although the penalties and fines could only be enforced 15 days after the publication of the guidelines as approved by the NFA Council,” Agriculture Secretary Emmanuel Piñol said.

The guidelines set the following SRPs which will also cover the provinces are as follows: Regular Milled Rice (Local) – P39/kilo; Well-Milled Rice (Local) – P44/kilo; Premium Rice (Local) – P47/kilo; Well-Milled Rice (Imported) – P39/kilo; and Premium Rice (Imported) – P43/kilo.

Sanctions include a written warning on the first offense and for succeeding offenses, the violators could suffer penalties of a jail term of between four months to four years and a penalty of between P2,000 to P1 million.

The NFA will also cancel their licenses to engage in rice trading and retailing.


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