Prices of rice drop by P6 in public markets
THE price of rice has dropped by an average of P6.00 in public markets in the province.
Latest price monitoring reveals that regular-milled rice previously sold for P54, now sells at P48, while imported well-milled rice that previously sold for a P60 now sells at P54 to P55.
According to the Samahang Industriya ng Agrikultura (SINAG) and other rice retailers, prices have dropped drastically with the start of the harvest season.
It added that the prices are expected to drop by P2.00 more for the duration of the harvest season.
SINAG, however, pointed out that as the price goes down, the farmgate price of palay is also expected to go down, a reversal of benefits to rice farmers in the province. (Ahikam Pasion)
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