Fishy Philippine Rice Price, Kadiwa, and Rice Imports
by Claro Ganac Importation stabilizes supply and therefore brings down market price. That the PH currently still has P60 retail price despite the flooding of rice in markets only exposes the greed and evils flourishing in President Bongbong Marcos administration: 1. The wholesalers and importers have merged as a cartel and are therefore acting to quash competition to control market supply 2. Since this cartel controls market supply, it can raise prices like a monopoly at greatest disadvantage to Filipino consumers. But early monopoly profits of at least 33% over the normal rice prices before BBM. And the.BBM administration, DTI and DA are complicit in supporting smugglers and hoarding and price manipulation. Claro Ganac is a retired educator. ----- In another note, the Philippines has been ironically importing rice from Cambodia en route to rice-milling Vietnam, most probably courtesy of Chinese businessmen that dominate the country's major businesses. What has als...