'Hindi nakatulong 'yung price cap ng gobyerno para awatin yung epekto ng bigas sa inflation.'
MANILA — The government's rice price ceiling did little to rein in the commodity's rising cost and its impact on inflation in the country, an economist said on Saturday.
Apart from an increase in global prices, Marcos said in September that local prices went up because of "hoarding by opportunistic traders and collusion among industry cartels in light of the lean season." The economist added that while the government said there may be more than enough rice for the rest of the year, El Niño remains a threat globally.
He noted that India has restricted rice exports to ensure domestic supply and that other rice exporters might follow suit.
Indonesia Berita Terbaru, Indonesia Berita utama
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