Filipinos can expect the price of rice to spike possibly until September if the country’s supply will not be augmented.
Full story: https://www.rappler.com/nation/rice-prices-expected-rise-until-september-2023/
Full story: https://www.rappler.com/nation/rice-prices-expected-rise-until-september-2023/
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00:00 Filipinos can expect the price of rice to spike possibly until September if the country's supply will not be augmented.
00:07 In an interview, former agriculture chief Leonardo Montemayor says it was possible that rice prices would reach 60 pesos per kilo.
00:15 Montemayor says rice prices ranged last week from 45 to 50 pesos per kilo.
00:20 This week, the price gained an additional 5 pesos per kilo.
00:23 Early this month, farmers group Philippine Chamber of Agriculture and Food, Inc. said there will be a 4 pesos per kilo increase until September.
00:32 Malacanang and the Department of Agriculture earlier assured the public there was still sufficient rice supply, but prices would vary in different areas.
00:40 The government is already looking at rice importations during the lean months and the threat of El Niño ahead.
00:45 [Music]