We are paying 32 Pesos here at the moment.
A lot of the price hikes are down to rice hoarders.
The NFA have raided lots of huge warehouses here jam packed full of rice..
The Chinese that get away with it will make a fortune if they dump their stocks on the market now and even more if they wait for a bigger pay day.
Another problem is future restrictions on rice imports which the country depends upon for cheap NFA rice.. India for example are stopping exports completely I believe.
