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President Ferdinand ''Bongbong'' Marcos Jr. is confident that rice prices would ease further in the country, noting the current price trend in Southeast Asia.“Doon sa rice mukha namang sumusunod doon sa projections natin sa rice prices . And it seems to be consistent again with the same experience of other ASEAN countries like Thailand and Vietnam,” Marcos said during a sectoral meeting in Malacañang on Tuesday.“So, I think as the time goes on, that should improve,” he said.
Bringing down the rice price to P20 per kilo was the campaign promise of Marcos.Marcos had said the aspiration hinges on fixing the value chain, or the series of stages involved in producing a product or service that is sold to consumers, with each state adding to the value of the product or services.In a separate press briefing, Agriculture Secretary Francisco Tiu Laurel said the DA has projected the easing of rice prices, noting that the full effects should be felt by January 2025.
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