00:00Agriculture Secretary Francisco Chu Laurel, Jr. ordered an inspection of the cold storage facilities of Cebuyas
00:09to make sure that there is no hoarding and price manipulation.
00:14To Chu Laurel, the concealment of Cebuyas supplies since the beginning of the year
00:21is considered hoarding because its storage should be done at the end of the harvest season.
00:28The concealment also stipulates that the price of Cebuyas can be manipulated
00:35to reach up to Php 3,000 per metric ton of red and white Cebuyas.
00:41As for imported Cebuyas, the D.A. expects to play at Php 140 to Php 150 per kilo of Cebuyas.
00:50But if he cannot follow this, the concealment said that it may be necessary
00:56to reach the maximum suggested retail price of Cebuyas.
