📈 Business
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Bloomberg
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Philippines imposes 30-day price cap on imported rice
The Philippine government price coordination council endorsed a plan to impose a 50-peso ($0.83) per kilogram ceiling on imported rice. The decision aims to combat rising food and fuel costs driven by geopolitical conflict in the Middle East.
A Philippine government council on price coordination has endorsed a plan to impose a 50-peso ($0.83) a kilo ceiling on imported rice as the war in Iran continues to drive up food and fuel costs.