I am surprised that some government officials are surprised that capping the price of rice has unintended consequences. When the President issued Executive Order No. 39 mandating a price ceiling well below market rate at P41 a kilo for regular-milled rice and P45 for well-milled rice, everyone already warned that it would only lead to problems. Rarely do traders, retailers, consumers, and experts agree on any one thing but, this time, they agree that such a ceiling cap will make things worse for everyone.

https://opinion.inquirer.net/166113/is-groupthink-behind-the-rice-price-ceiling

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