Price body to mon­i­tor `rice prices’ in CdeO

Sun.Star Cagayan de Oro - - Top Stories -

THE City Price Co­or­di­nat­ing Coun­cil is set to con­duct a se­ries of in­spec­tions next week on all rice re­tail­ers in the city fol­low­ing a re­gion­wide rice sup­ply short­age ear­lier de­clared by the Na­tional Food Au­thor­ity (NFA).

City Price Co­or­di­nat­ing Coun­cil chair Jose Edgardo Uy said that the in­spec­tions seek to de­ter un­fair mar­ket prac­tices, such as mix­ing va­ri­eties of rice and pass it off as a high-qual­ity va­ri­ety.

Uy ad­mit­ted that there is no law that reg­u­lates the price of com­mer­cial rice va­ri­eties.

“What we can do is check for in­stance is if a Class A va­ri­ety of rice is be­ing mixed with Class B. Or if they’re mix­ing the com­mer­cial va­ri­ety with NFA rice and sell this at a much higher price, as that would be a vi­o­la­tion of the law,” Uy said.

On April 18, Uy said he will con­fer with NFA-10 Di­rec­tor Fer­nando Nunez fol­low­ing re­ports that com­mer­cial rice prices in pub­lic mar­kets and other lo­cal re­tail out­lets have in­creased due to the NFA sup­ply short­fall.

This, as rice ven­dors at the Co­gon mar­ket – the largest in the city – have started ra­tioning the NFA va­ri­ety at only three ki­los per cus­tomer.

They said that once their NFA sup­ply lasts, they will be able to sell only the com­mer­cial va­ri­eties.

Last week, Nunez ad­mit­ted that the NFA sup­ply in the re­gion has run out and they are wait­ing for the gov­ern­ment’s im­ports ar­riv­ing next month.

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