Rice retailers in Dipolog City warn that they might be forced to close down if the situation worsens
DIPOLOG, Philippines – Despite facing significant losses, retailers of rice in Dipolog City have begun to dramatically reduce local rice prices in compliance with President Ferdinand Marcos Jr.’s. Concerns, however, are growing that the measure may not effectively address the rice problem.
The EO was signed by Marcos Jr. President to impose price ceilings on rice based on the joint recommendation made by the Department of Agriculture and the Department of Trade and Industry .As Marcos’ EO 39 went into effect on Tuesday, September 5, retailers displayed rice with prices ranging from P41 per kilogram for regular milled rice and P45 for well-milled rice.“I displayed rice at P44 per kilogram, but in truth, I’m losing nearly P200 per half a sack.
Young told Rappler on Wednesday, September 6, that EO 39 would likely falter because it deals with the symptoms rather than address the root causes of the rice crisis. He said the government should also support farmers in milling and transporting their produce directly to retailers, thereby eliminating middlemen, particularly those suspected of manipulating rice prices.
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