‘Reduce middlemen in rice delivery to lower prices’Individuals line up to purchase rice for P29 per kilo during the Kadiwa sa Lingayen on August 29, 2024 in Lingayen, Pangasinan. SINAG executive director Jayson Cainglet said that typically after being milled, the rice will be sold to at least six middlemen such as wholesalers and biyaheros, before it reaches consumers. Each of these layers adds P2 per kilo in the retail price of rice before consumers can buy the staple, he said. Based on monitoring of the DA in Manila markets, the local regular milled rice is sold as high as P50 per kilo; local well-milled rice, P55 per kilo; local premium rice, as high as P58 per kilo and local special rice, up to P65 per kilo. Imported regular milled rice is sold as high as P48 per kilo; imported well-milled rice, as high as P55 per kilo; imported premium rice, P60 per kilo and imported special rice, up to P63 per kilo.

Source: Philippine Star October 14, 2024 05:31 UTC