House supercommittee on food warns against price manipulation, profiteering

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THE House of Representatives Murang Pagkain Supercommittee on Tuesday issued a stern warning to supermarkets and major rice retailers, indicating that the five-committee panel will soon investigate possible price manipulation and profiteering at the retail level.

That means they earn as much as P30 per kilo,” Salceda said, as he announced that supermarket and grocery representatives will be summoned once the QuintaComm reconvenes for further investigation into these irregularities.

We have received reports that imported well-milled rice is being labeled as premium rice and sold at P70 per kilo in supermarkets.

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Author / Journalist: Jovee Marie N. de la Cruz

Category: BusinessStartups

Markets: PhilippinesVietnam

Topics: Committee Rice Prices Kilo Representatives Premium Supermarkets Salceda Food Price Romualdez

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 12:14:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 676 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 24505729

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