Australian Rice
Taiwan Rice
Pakistan Rice
Monday, March 25, 1974
2 -
190
2.30
158
2.00
168.50
2.10
Mr. Jimmy McGregor, Deputy Director of Commerce and Industry,
and Chairman of the Rice Advisory Committee, said that the committee would
bring pressure to bear on any retailers selling above the prescribed
maximum retail price.
"We have representatives from all sections of the trade on the
committee, and with their support it would be possible to deny rice to
wholesalers or retailers who overcharge on prices," he added.
Mr. McGregor said that the committee had approved arrangements
for direct sales of rice to be sold by importers to groups of retailers,
provided they complied with certain conditions.
To participate in the direct purchase scheme, retailers' groups
would have to form an effective co-operative purchasing agency, and
nominate a company to purchase the rice on their behalf on a cash basis.
The department has made arrangements for over 2,000 tons of rice
to be offered for sale by importers this morning
normal consumption.
more than double the
Mr. McGregor said that there should be no problem with supply
and no increase in prices until the new price structure becomes effective
on April 1.
"The new maximum prices will then apply throughout April without
further change," he said.
Note to Editors:
The Commerce and Industry Department would appreciate your co-operation in giving the widest
possible publicity to the new rice prices which come into effect on April 1.
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