Declared Price Controlled Goods

Flour

Flour is a declared good under Section 10 of the Prices Regulation Act (Chapter 320) for price control purposes. Under the new legislative changes relating to the introduction of the ICCC Act and the provisions of Section 25A (6) of the Prices Regulation Act as amended, the Commission has undertaken a major review of the pricing regulatory arrangements applying to flour and flour in its various variant forms and packages. This review inter alia considers whether continuing price control or regulation of flour prices is required, and if so, the form of regulation that should apply to flour prices.

Rice

Rice (brown and white) is a declared good under Section 10 of the Prices Regulation Act (Chapter 320) for price control purposes. Under the new legislative changes relating to the introduction of the ICCC Act and the provisions of Section 25A (6) of the Prices Regulation Act as amended, the Commission has undertaken a major review of the pricing regulatory arrangements applying to rice products in PNG. This review inter alia considers whether the present price control arrangements for rice should continue to operate in their present form or be varied, or whether the price control arrangements should be terminated.