PRESIDENT Ferdinand 'Bongbong' Marcos Jr. has ordered the Departments of Agriculture (DA) and Trade and Industry (DTI) to closely monitor rice prices and run after hoarders and price manipulators who take advantage of the lean months before the harvest season amid the reported increase of prices of rice in the market, Malacañang said Wednesday.
'Rice supply is sufficient. Prices are, however, very variable. The government is working with the private sector to rationalize the prices and make available affordable rice in the market and in Kadiwa.
The President will go after hoarders and price manipulators who take advantage of the lean months before harvest season,' the Presidential Communications Office said in a statement, quoting the Chief Executive.The DA had reported that retailers are selling rice at different price points with some selling the essential grain at P38-P40 per kilo as the cheapest while some are selling their cheapest variety at P50 per kilo.
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