P20/kilo rice still possible – DA chiefRice prices range from P42 to P70 per kilo at a public market in Manila. “We are trying our best to figure out and think of ways (to achieve the P20 per kilo of rice). Based on the monitoring of the DA in Metro Manila markets, the retail price of local regular milled rice was still sold at prices as high as P50 per kilo; local well-milled rice, P55 per kilo; local premium rice, P58 per kilo and local special rice, P65 per kilo. Imported regular milled rice was still sold for as high as P49 per kilo; imported well-milled rice, P55 per kilo; imported premium rice, P60 per kilo and imported special rice, P65 per kilo. The high imported rice prevails despite the implementation of Executive Order (EO) 62 on reduced tariff on imported rice.

Source: Philippine Star July 23, 2024 11:37 UTC