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Labanan ang kartel! Piñol seeks price control on rice

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Agriculture Secretary Manny Piñol has proposed the imposition of a price ceiling on rice to protect consumers from the “daylight robbery” committed by the rice cartel.

Piñol wrote on Facebook that greedy rice traders have taken advantage of the dwindling National Food Authority (NFA) rice supply by raising prices of commercial rice “beyond the reach of the poor.”

“Government must exercise its powers to put a cap or a ceiling on the prices of rice in the market. If the buying price of farmers’ produce is P20 per kilo, regular milled rice should sold not more than P40 per kilo while well-milled rice at P42 per kilo,” he said.

“There should be no price cap on fancy rice which means that if you would like to buy aromatic or organically produced rice, you should pay premium price,” he said.

Prices of commercial rice now range from P45 to P60 and even up to P100 for the imported Basmati Rice from Pakistan. “Pricing rice at P45 per kilo is cheating on the consumers while selling it at P60 per kilo is a brazen daylight robbery,” the DA chief said.