SRPs on rice, vegetables, fish set next week
The government is targeting to finally impose next week Suggested Retail Price (SRP) on basic food commodities such as rice, fish, and vegetables.
Agriculture Emmanuel Piñol, who is part of the Technical Working Group (TWG) formed to address issues on rice and other food commodities, said the move intends to protect consumers from overpricing in the market.
The TWG is composed of officials from the Department of Agriculture (DA) and Department and Trade and Industry (DTI).
“We hope to impose SRP next week especially on rice,” Piñol said in a report from Manila Bulletin.
He said SRPs will be first imposed on rice, bangus, tilapia, galunggong, pechay, talong, among others.
As of now, the government imposes a penalty of P1,000 to P1 million for those who would sell products beyond their respective SRPs.