Manila, April 8 -- The Department of Agriculture (DA) is eyeing to implement a price cap on imported rice by the end of the month after the National Price Coordinating Council (NPCC) said it is set to submit its recommendation to adopt a PHP50 per kilogram price cap to the Office of the President.

In an interview, DA Secretary Francisco Tiu Laurel Jr. said the decision will come from President Ferdinand R. Marcos Jr.

"Hopefully by the end of the month," Tiu Laurel said, citing that the move will help address potential profiteering amid the fuel price surges due to the U.S.-Iran conflict in the Middle East.

As of Wednesday, premium imported rice in Metro Manila sells from PHP55 per kilo to PHP63 per kilo, according to the DA Bantay Pres...