From a debt drag to a surge in diabetes cases, the cost is just too high to bring rice down to just P20 per kilo.
MANILA, Philippines – President Ferdinand Marcos Jr. wants to bring rice prices down to just P20 per kilo.. But this comes at a cost, which would sideline other agricultural products and have immense implications for public health.The Philippines’ natural disadvantage
Dawe added that these river systems also allow for lower-cost transportation of rice over medium and long distances and effectively facilitate exports. Thailand and Vietnam have around 10.5 million hectares and 7.5 million hectares for rice production, respectively.Just how low are prices in Thailand and Vietnam?
Data from the Philippine Statistics Authority showed that well-milled rice retails at around P37 to P41 per kilo.Based on Fitch’s Climate Change Physical Risk Exposure Heatmap rankings, the Philippines ranked fourth in terms of risks arising from floods and storms. The Philippines trailed Mozambique, Vietnam, and Bangladesh.
Lapina explained that imported rice would arrive in Philippine ports at around P24 per kilo. Add in the tariffs and other costs, and it would reach stores at around P33 per kilo.
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