Local rice traders said over the weekend that unmilled rice prices went up by P1 per kilogram as the supply of the staple remains tight. Traders in Intercity Industrial Estate also said palay prices may continue to go up until next month, or just before the peak harvest season. “This…
Local rice traders said over the weekend that unmilled rice prices went up by P1 per kilogram as the supply of the staple remains tight.
Rice traders also noted that other countries are already preparing for the possible impact of El Niño on production, particularly after India banned the export of non-basmati white rice and Vietnam and Thailand raised prices. Estavillo also added that President Ferdinand Marcos Jr. as an agriculture secretary should also give “at least P50,000” to farmers whose crops were destroyed by previous storms.
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