DA chief warns manipulators to be punished under Price Act

PTVPhilippines

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00:00Department of Agriculture, DA Secretary Francisco Tularel warned that those who manipulate the pricing of goods will be penalized

00:06with the strict imposition of the Price Act.

00:09This amid the still high prices of rice in markets despite an executive order reducing the import tariffs on the staple grain.

00:17The DA earlier consulted with some rice importers and based on the meeting,

00:22importers have already brought down the price of rice to 38 pesos per kilo

00:26and it is allegedly the rice traders who are selling rice at a higher price.

00:31If this is true, DA Chief says the staple grain should only be at 45 pesos a kilo.

00:37Because of this, the Agricultural Chief will meet with the leaders of big markets in Metro Manila

00:42to determine the root cause of the problem.

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