DA to meet with market heads vs. rice profiteering
Manila: The Department of Agriculture (DA) will have consultations with heads of large retail markets in Metro Manila next week to combat possible profiteering on imported rice. In an interview Tuesday, DA Secretary Francisco Tiu Laurel Jr. said prices of well-milled rice in the markets should not go beyond PHP50 per kilogram, considering the tariff cut on imported rice to 15 percent from 35 percent which took effect in July. He said importers claimed that they are selling wholesale rice at PHP38/kg, which should bring the retail price at around PHP45/kg. Reports reaching the DA alleged that some retailers are