The Department of Trade and Industry (DTI) should put a cap on the price of rice as importers and traders are already taking advantage of the rice shortage in some parts of the country, Senator Francis "Chiz" Escudero urged on Friday. "Government, thru the DTI, should immediately impose a price ceiling on rice. It is overpriced by P4 to P13, and up to P28 to P38 in Zamboanga City, per kilo and importers/traders are making a killing at the expense of our people and economy," Escudero said in a statement. The Zamboanga City government was earlier forced to declare a state of calamity due to a rice shortage that pushed prices to go as high as P50 to P70 per kilo. READ: Zamboanga Ci...
Keep on reading: Escudero wants DTI to put a cap on price of rice
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