Even if not all were released into the market, the mere notice of their arrival would have immediately impacted on local rice and palay (unmilled rice) prices. Next, he estimated consumer gains from lower rice prices at P38.7 billion, or practically equal to our own figure for 12 months. He directly compares wholesale rice prices to palaybuying rates, unaware that at least 1.5 kilograms of palay are required to produce a kg of milled rice. All these groups, however, agree that rice farmers need to become more efficient and competitive. For some reason, Mr. Adriano thinks that I am offended or insulted by his critique of our study.

Source: Manila Times October 05, 2020 16:07 UTC