Retail prices of rice will go down substantially without government intervention with the beginning of harvest season this week. In an interview on Saturday, Steven Cua, president of the Philippine Amalgamated Groceries and Supermarkets Association (PAGASA), said the imminent delivery of fresh ri
Retail prices of rice will go down substantially without government intervention with the beginning of harvest season this week.
The retail sector leader also urged authorities to “continue inspecting rice warehouses,” saying that hoarding exacerbates existing supply deficiencies, further aggravating inflationary pressures. Cua said PAGASA member supermarkets are currently selling only premium rice varieties that are not subject to price caps under Executive Order No. 39.
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