P5/kilo increase in rice price seen
Read this in The Manila Times digital edition.
THE retail price of rice could go up by P5 a kilo in the next few weeks because of a lower import volume and high farm production costs, the Department of Agriculture (DA) has projected.
DA deputy spokesman Rex Estoperez said in a briefing Thursday he is hoping the price increase will not be as high as forecast since the government has stepped in.
The Philippine Statistics Authority (PSA) has reported that a kilo of well-milled rice was selling at betwe
