In a freewheeling conversation with Ramon Ang last week, we talked about the current rice crisis. He quickly offered to buy all the rice needed to bring down retail cost by 30 percent.
RSA explained that San Miguel has modern grain storage facilities nationwide which can be used to accept delivery of rice shipped in bulk (no sacks). They can also store rice in temperature and humidity controlled silos that make it possible to keep the grains fresh for up to two years. No bukbuk.
He is just waiting for the law to be passed allowing the private sector to import rice and just pay a tariff. The price of good quality rice is low enough in the international market, he said, so that even with a tariff, it can be sold at a discount to consumers.
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