CONSUMERS can expect a P4 per kilo increase in the retail price of rice as a sack now costs P2,000 from the previous P1,850, a farmers' group said on Wednesday. Read more:
In a radio interview, Rosendo So, president of the Samahang Industriya ng Agrikultura , attributed the rise in the price of the grains to an increase in farmgate price of palay to P23 per kilo from P21.50 per kilo in January 2023.'So far, palay was averaging P21.50 in January. It increased to P22 in February. It further went up to P23 per kilo in one-week time,' So said.
It will mean plus P4 per kilo more or less for retail price so from the previous local price of P40, it will go up to P42 , almost the same price of imported rice,' he noted.So added that there is limited stock of palay as the peak harvest season will start in April.'Our harvest is between October and November and the farmers will start planting again between November and December.
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