President Ferdinand R. Marcos Jr. signed Executive Order (EO) 102 yesterday, extending the suspension of the importation of regular milled and well-milled rice until 31 December 2025 to protect local farmers and stabilize the domestic rice market, Malacañang said Wednesday.
The extension was made upon the recommendation of the Department of Agriculture (DA), following consultations with the Department of Economy, Planning, and Development (DEPDev) and the Department of Trade and Industry (DTI).
According to Malacañang, the move aims to prevent the downward pressure on farmgate prices due to imported rice, sustain market stability, and ensure the consumer welfare.
Marcos earlier signed EO 93 which imposed a 60-day suspension on rice imports, from 1 September to 30 October 2025, to allow the local market to absorb the domestic harvest and help farmers sell their palay at fair prices.
Under EO 102, the suspension will remain in effect until the end of the year unless lifted earlier or extended further upon the joint recommendation of the DA, DEPDev and DTI.