THE slower rice inflation in August did not mean a reduction in rice prices, according to the broad agriculture sector coalition Sinag. Data from the Philippine Statistics Authority (PSA) indicated a slower inflation rate of rice at 14.7 percent in August from the 20.9 percent recorded in the previous month.
THE slower rice inflation in August did not mean a reduction in rice prices, according to the broad agriculture sector coalition Sinag.
“It’s been two months since the effectivity of EO 62, but we don’t see rice getting cheaper,” he said. rice for exports.” “We support all efforts to lower rice prices, and these efforts validate our position that we do not need to reduce tariffs to decrease rice prices,” So said. production, post-production and marketing.”
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