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Monday, March 25, 1974
NEW SCALE OF RICE PRICES ANNOUNCED
A new scale of rice prices to come into effect next Monday
(April 1) when China increases the price at which it sells rice to
importers in Hong Kong, was announced today by the Commerce and Industry
Dopartment after a meeting of the Rice Advisory Committee.
The new prices provide for a maximum increase of 10 cents per
catty in the retail price of top quality rice.
Members of the Rice Advisory Committee have agreed to a now
scale which does not pass on the full six per cent increase in import
prices for Chinese rice. For See Mew the retail price increase is about
four per cent.
Importers Sales Prices and Maximum Fair Market Prices
With effect from April 1, 1974
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Grade of Rice
Importers Sales Price
($ per picul)
Retail Price
($ per catty)
A.
B.
China Rice :
See Mew
S.C. Jien
210
2.50
204
2.45
203
2.45
C. Tau Jion
Thai Rice:
A.
100% Whole (1st Grade)
210
2.50
B.
100% Whole (2nd Grade)
201
2.40
199
2.40
C. 15% Broken
U.S.A, Rice :
A. 10-15% Broken (1st Grade)
B. 2nd Grade, round grain, un-remilled
192
180
/Australian Rice
2.30
2.20