CdO seeks price task force reactivation

Cagayan de Oro City — The Cagayan de Oro City Price Coordinating Council (CDO CPCC) has recommended the reactivation of the Bantay Presyo Task Force of the Department of Agriculture in Northern Mindanao to ensure the implementation of the suggested retail price of imported rice sold in the market.

The CPCC, headed by Mayor Rolando Uy, proposed the reactivation of the task force after reports that many rice retailers, particularly in Cogon Market, were not adhering to the agreed price of imported rice, which was to be sold at a cheaper price.

Since the tariff on imported rice has come down, rice importers are also forced to sell it at a lower price to retailers.

In December 2024, the DA and CPCC met with rice retailers in Cogon Market for this purpose, and the retailers expressed their agreement to sell imported rice at a cheaper price.

However, the executive agencies were disappointed that many rice retailers were not implementing the agreed price in the market.

Attended by rice importers, members of the city’s Local Price Coordinating Council, and representatives from the Department of Trade and Industry-10, the activity centered on key discussions on the importers’ participation in the Kadiwa Rice-for-All program of the DA-10.