P62/kilo rice sold in Valenzuela
MANILA, Philippines — A wet market in Valenzuela is selling imported rice labeled “President” at P62 per kilo, far beyond the maximum suggested retail price (SRP) of P49 per kilo.
“When I asked my team to inspect markets in Barangay Malanday, Dalandanan and Karuhatan, only in Marulas did they find P62 per kilo of rice,” Mayor Wes Gatchalian told reporters yesterday.
“Together with the Department of Agriculture (DA), we will investigate why this overpriced rice is being sold in Marulas,” Gatchalian added.
Vendors selling the rice will remain in business until the city government receives a directive from the DA, he noted.
Gatchalian said the rice could have come from Chinese suppliers.
The rice max SRP will further drop to P45 on March 31, according to the DA.
Meanwhile, over 100 defective, unsealed and uncalibrated weighing scales were confiscated in Barangay Marulas.
Some vendors got back their weighing scales after paying P5,000.
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