Industry groups split over P50 rice price cap

MANILA, Philippines – The government’s imposition of a P50-per-kilogram price ceiling on imported rice drew mixed reactions from some industry groups. “It is almost the tail end of the harvest season so farmers will generally not be affected by the imposition of the price cap,” Raul Montemayor, Federation of Free Farmers national manager, said in a Viber message on Wednesday. READ: Gov’t imposes 30-day cap of P50/kilo for imported rice Montemayor, however, said that actual buying prices of palay (or unmilled rice) could decline if farmers accounted for their added fuel, logistics and other costs in their pricing. “Also, if import […]... Keep on reading: Industry groups split over P50 rice price cap

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