Does a Rice Wholesale retail is a good business that you can earn more money?

Philippines
December 21, 2010 10:56pm CST
Does a rice wholesale retail is a good business? Is it a profitable business to making money?
3 responses
@EdnaReyes (2622)
• Philippines
6 Jan 11
Yes, but I think it's already saturated the market, every corner has a rice store but again, any hard work reap good results, so if you're hard working, then maybe this is for you!
@zandi458 (28102)
• Malaysia
22 Dec 10
In my country rice is a controlled item meaning the price of rice is uniform as the government decide on the cost of rice. All retailers/wholesalers are earning very little on each bag of rice as they are not allowed to increase the price. But since rice is the staple food of we Asians, you can make profit on quantity sales. It is a fast moving goods so maybe it is feasible to start rice wholesale business in your area.
• Philippines
22 Dec 10
It's a profitable business specially here in the Philippines. Of course Filipinos love to eat rice. You just need to find a good location to put up your business..