DA expects retail prices of imported rice to go down, following price drops in Vietnam, India, and Thailand
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“That’s a probability considering na very sharp nga ‘yung pag-decline from December 10 to January 10 nitong presyo ng bigas sa international market,” The DA computed the P58-MSRP based on prices of 5% broken rice from Vietnam and included landed cost.De Mesa cites recent data from the Vietnam Food Association which showed that price of 5% broken Vietnamese rice declined from $510 per metric ton to $434. Meanwhile, 25% broken Vietnamese rice went down from $409 to $326 per metric ton.Broken rice at 5% from India went from $449 to $440 per metric ton while 25% broken Indian rice went down from $434 to $425 per metric ton in the same period.
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