President Ferdinand Marcos of the Philippines. The ceiling on rice selling prices has been canceled today. Just a few weeks after the rice price control was announced. To help poor families
Mr. Marcos, who also holds the position of Minister of Agriculture, said that from today onwards The government will cancel the price ceiling for rice. It is the right time. Because today the government organized an activity to distribute rice that was smuggled into the country illegally to the people. He said the government would continue to help poor people. and must continue to solve problems in the agricultural sector
At the beginning of September Mr. Marcos set the maximum retail price for regular rice at no more than 41 pesos per kilogram, or about 26 baht, and no more than 45 pesos, or about 30 baht, for higher quality rice. This measure has been criticized by some economists who warn that it will distort the market and lead to a shortage of rice.
Source: Thai News Agency