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Stricter price controls on retail goods needed, says Romualdez

Philippines | National

Stricter price controls on retail goods needed, says Romualdez

By Ellson Quismorio

At A Glance

House Speaker Martin Romualdez is calling for stricter price controls in the retail market in a bid to prevent price manipulation and protect consumers.

(MANILA BULLETIN)

House Speaker Martin Romualdez is calling for stricter price controls in the retail market in a bid to prevent price manipulation and protect consumers.

“Our goal is to lower food prices while protecting local farmers and producers. We hope to do this by increasing local procurement and adjusting import tariffs,” said Romualdez, who recently met with Department of Agriculture (DA) Secretary Francisco Tiu Laurel, Jr.

The meeting focused on balancing the interests between consumers and food producers, such as farmers.

Romualdez echoed Laurel’s suggestion to bring low-priced fresh fish, chicken, and other agricultural produce to the market, particularly in Kadiwa centers.

The Speaker also called for “a whole of nation approach” in solving the rice crisis.

Romualdez, who represents Leyte's 1st district, noted that this approach requires the cooperation of relevant government agencies, market players, and local producers.

“DA should talk to traders to avoid hoarding and price manipulation,” he stressed.

The Speaker said the House of Representatives is fully committed to supporting President Marcos' goal of significantly reducing rice prices.

The commitment includes addressing market challenges through collaborative efforts and strategic interventions, ensuring that every Filipino has access to quality but affordable rice.

Related Tags

Martin Romualdez DEPARTMENT OF AGRICULTURE price control

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