President Ferdinand Marcos Jr. announced today, 4 October, that the price caps on rice have been lifted.

"As of today, we are lifting the price caps on rice for the regular milled rice and the well-milled rice. We are removing controls," he told reporters.

Marcos had imposed the price caps in early September to curb inflation.

Read more at: https://tribune.net.ph/2023/10/04/marcos-officially-lifts-rice-price-ceiling-effective-4-october/