AGRICULTURE Secretary Francisco Tiu Laurel Jr. on Thursday warned that he would go after people engaged in rice profiteering, following the discovery of disparities in reported market costs, landed prices, retail prices and profit margins between importers and retailers.
During a visit to the Guadalupe Public Market in Makati with officials of the Department of Trade Industry (DTI), Tiu Laurel talked to rice retailers after seeing that while some of the rice was being sold at P40-P45 per kilogram (kg), others were selling at P50/kg and higher, with one brand priced at P62/kg.
