Marcos, also the country’s agriculture secretary, imposed the cap on Sept. 5 to control the skyrocketing rice prices. “As of today, we are lifting the price caps on rice,” he told reporters.
The government cited the decreasing rice prices in domestic and global markets, increasing rice supply, and favorable external factors for lifting the rice price cap.
A nationwide survey conducted last month by Pulse Asia Research Inc. showed that Marcos’ approval rating declined by 15 percentage points to 65 percent from 80 percent in June, while his trust rating dropped by 14 percentage points to 71 percent from 85 percent.
The polling firm attributed the decline to Marcos’ failure to fulfill his campaign promise to lower the price to 20 pesos (0.35 U.S. dollars) per kg.
Access our platform effortlessly on-the-go through our user-friendly mobile apps.
𝗦𝗲𝗺𝗮𝘀𝗼𝗰𝗶𝗮𝗹 𝗶𝘀 𝘄𝗵𝗲𝗿𝗲 𝗿𝗲𝗮𝗹 𝗽𝗲𝗼𝗽𝗹𝗲 𝗰𝗼𝗻𝗻𝗲𝗰𝘁, 𝗴𝗿𝗼𝘄, 𝗮𝗻𝗱 𝗯𝗲𝗹𝗼𝗻𝗴. We’re more than just a social platform — from jobs and blogs to events and daily chats, we bring people and ideas together in one simple, meaningful space.
