Agriculture Secretary Francisco Tiu Laurel Jr. said he learned in a recent meeting with rice importers that the wholesale price of imported rice has already dropped to P38 per kilo.
He said the importers noted that the retailers could be making a killing as the retail prices of rice still range between P42 and P55 per kilo, depending on whether it is a regular-milled or well-milled variety.
Tiu Laurel said that at P38 per kilo at wholesale, the retail price of rice should be around P45 per kilo.
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Denne historien er fra October 30, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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