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DESPITE easing the importation of agricultural products, Senator Imee Marcos on Tuesday said Filipinos might not feel the decline in the cost of rice due to an increase in the price of imported ones.
“We should further investigate and intervene against the huge disparity between farmgate and retail prices, thence punishing exorbitant charges and cartelization,” she said. Marcos likewise mentioned that the harvest season of rice is already over. “It is also impossible for the minimum access volume to remedy the high cost of rice,” she noted.While easing restrictions will not lower the price of rice, Marcos believes it will, however, reduce the prices of products such as onions, fish, pork, and sugar. But she pointed out this will also on impact local producers—particularly onion farmers who now sell way below their production cost.
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