President Ferdinand Marcos Jr. said Tuesday he remains optimistic about bringing down the price of rice to P20 per kilo,
In an interview in Zamboanga, the President said this could be achieved once the cost of agricultural production becomes stable.Bringing the price of rice down to P20 a kilo was one of the President’s campaign promises.
On Monday, the National Food Authority Council, chaired by Marcos, raised the price at which the NFA buys wet palay, from P16 to P19 a kilo, and for dry palay from P19 to P23 a kilo.He also defended his order mandating a price cap on regular andwell-milled rice, saying this would help the public afford the staple commodity despite its soaring cost because of the El Niño.
Speaker Ferdinand Martin Romualdez, meanwhile, said the President’s decision to raise the NFA’s buying price for palay would redound to the benefit of farmers and keep prices for the grain stable. Tulfo said there were already recommendations from farmers’ groups about the lifting of the rice price ceiling, which is at P41 per kilogram for regular-milled rice and P45 a kilogram for well-milled rice.
Romualdez called for more support for Filipino farmers to enable them to produce more rice so the country can reduce and eventually do away with rice importation.
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