Lower rice prices in Negros Oriental seen as harvest season starts

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Lower rice prices in Negros Oriental seen as harvest season starts
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RETAIL prices of rice in Negros Oriental are expected to further go down with the start of the harvest season, a Department of Agriculture official said on Tuesday, October 17, 2023.

Rafal said at least five local government units in Negros Oriental are subsidizing their local farmers with between P2 to P5 a kilo of palay bought by the NFA.These LGUs participated to the Palay Marketing Assistance Program for Legislators and Local Government Units and provide a top-up to the NFA’s buying price of rice.Rafal could not give exact data on the actual volume of harvested rice as his office is still processing reports coming from the LGUs.

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