XN000022-1974-03-25 — Page 2

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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

[]

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