Rice prices surge as production costs rise

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Rice prices surge as production costs rise
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Despite having enough rice supply, retail prices of the country’s staple food in Metro Manila have jacked up by about P2 per kilogram as farmers face increased production costs. CDNDigital READ:

, retail prices of the country’s staple food in Metro Manila have jacked up by about P2 per kilogram as farmers face increased production costs.

“What we’re trying to do now is also introduce other agricultural inputs to help our farmers to bring down their production cost,” she added. As of Friday, locally produced rice is sold from P34 to P60 per kg, compared to P38 to P50 per kg a year ago, based on the Department of Agriculture’s price monitoring.

“We have talked to farmers in Nueva Ecija and Tarlac and they said because of using a different type of fertilizer, they have reduced their price of palay. Now, they are our partners in selling rice in Kadiwa outlets for P25 without any subsidy,” she said.

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