ASSORTED rice varieties for sale at a grocery in Antipolo, ahead of the Department of Agriculture’s implementation of a maximum suggested retail price of P58 per kilo, effective January 20.
“We must ensure the price of rice is fair and affordable even as we make sure that the rice industry remains profitable. We cannot allow the greed of a few to jeopardize the well-being of an entire nation,” Laurel said in a statement. For her part, Department of Trade and Industry Secretary Cristina Roque reaffirmed the agency’s support for the DA’s push to lower rice prices.
“Based on our calculations, using data and profit margins provided by importers and retailers, imported 5 percent broken rice should not exceed P58 per kilo. For rice with a higher percentage of broken grains, the price should be much lower,” Laurel explained.
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