Monday, December 10, 2018

NFA to monitor rice prices in Ilocos Norte

Nov 17, 2018 @ 10:02

The National Food Authority is stepping up its monitoring of rice prices in Ilocos Norte, after meeting with stakeholders last week.

During the meeting, NFA representatives tackled The Price Act of 1992, wherein a composite team was formed to bolster efforts to monitor rice prices.

Present at the meeting were representatives of retailers, wholesalers, millers, local government units and national government line agencies.

NFA provincial manager Eleonor Andres urged all stakeholders to cooperate in the nationwide implementation of this measure.

Presently, the suggested retail price of milled rice is P44 per kilo for local and P39 per kilo for imported variety. Premium grade rice is pegged at P47.

The NFA also reiterated its call to stakeholders to strictly comply with trading rules and regulations particularly on following the SRP.

It also reminded them to make sure price tags and rice box labels are accordingly placed.

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