I HAVE been keeping abreast on developments over the price cap the government has imposed on the retail prices of rice to protect consumers and discourage hoarding.
Executive Order 39 mandates that the price of regular milled rice (RMR) is P41 per kilogram and well-milled rice (WMR) at P45 per kilogram. Prior to the imposition of the rice cap, I observed that the prices of RMR was from P45 to P50 per kilo, and WMR up to P55 per kilo.
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