Earlier one we told you that the price of gas is going up – but the price of rice is going down. As of Tuesday – the controlled retail price for a pound of milled white rice will be $1.20. That is 11 cents cheaper than the current shelf price of $1.31. The wholesale price of milled white rice will now be $112 in Belize City. The prices are controlled – meaning that it is the maximum price it can be sold for. Ask of tomorrow – any store or shop selling rice for more than $1.20 will be breaking the law.