Rice price drop brings relief to consumers

SunStar Publishing Inc.

CONSUMERS in Cebu City are expected to save more as rice prices decrease in some local markets, specifically in the Carbon Market Complex. The reduction, averaging between P3 and P4 per kilogram, marked a significant relief for household budgets, potentially saving consumers up to P20 for every five kilograms purchased.On June 20, the rice price reduction was publicly announced in line with Executive Order 62 by Philippine President Ferdinand Marcos Jr.

Despite fluctuations in rice prices, the local market chief noted that vendors’ profit margins remain stable as they adjust prices to reflect costs and market demands. He added that consumers and rice vendors have both benefited from the sudden decrease in prices. “Currently, sales have actually increased because rice is now cheaper.

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