As consumers cheer, retailers bear brunt of rice price cap

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'What will we do now?' a rice retailer asks agriculture officials inspecting a public market on the first day of the implementation of the price ceiling on rice

Rice retailers’ ‘sacrifice’

At around 10:30 am, one of the stalls in Quezon City quickly sold out. Despite the volume of consumers, a rice dealer who asked not to be named said that they suffered losses due to the price cap and said she was not sure if they would still have rice to sell in the coming days. In the midst of the crowd taking advantage of cheaper rice, some shops were noticeably closed. Vendors near the closed stores said that some chose not to open either because of the limited supply or they could not sell rice based on the price ceiling.

Source: News Formal (newsformal.com)

 

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