Because rising fuel, fertilizer and logistics costs, the prices of rice have gone up, a group of farmers revealed on Monday.
“Precisely, because we have relied on imports, especially the last three years, helping local rice farmers, in terms of reducing their cost of producing rice, has not been met,” Jayson Cainglet, executive director of Samahang Industriya ng Agrikultura said.
Earlier, a government agency said that the goal to bring down rice prices has remained elusive as production costs stay high because of expensive fertilizer and other farm inputs and as local harvests continue to decline. As a rule of thumb, the retail price of rice in the market is at least double the farm-gate price of palay.
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