rice supply

Philippine president sets ceiling on rice prices to counter manipulation by opportunistic traders

Philippine president sets ceiling on rice prices to counter manipulation by opportunistic traders

  • Price ceiling for regular milled rice was set at 41 Philippine pesos ($0.72) per kilogram, while the price for well-milled rice was set at 45 pesos ($0.79) per kg
  • Despite a steady supply of rice, authorities have reported widespread practice of alleged illegal price manipulation, such as hoarding by opportunistic traders
By Reuters ·