Rice Prices

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The Department of Agriculture has stepped up inspections at markets and stores nationwide after President Marcos imposed a 30-day price ceiling on imported rice. Violators risk jail terms, fines up to one million pesos and possible business closures under the Price Act.

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The Japanese cabinet approved on Friday a shift to a demand-aligned rice production policy and new measures to prevent shortages. The changes aim to stabilize prices amid recent spikes in the staple food's cost. Prime Minister Sanae Takaichi's government plans to submit a bill to the Diet.

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