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Farmers group Samahang Industriya ng Agrikultura over the weekend questioned why rice prices have yet to decline despite the government ordering the modification of import duty rates.According to SINAG President Rosendo So, their monitoring showed that prices of well-milled rice range from P43 to P44 per kilogram, while regular milled rice was priced at P42 per kilogram.
Department of Agriculture monitoring showed that prices of rice in Metro Manila ranged from P47 to P65 per kilogram for imported commercial rice, and from P45 to P65 per kilogram for local commercial rice on June 27, 2024, based on the variety.This comes as President Ferdinand “Bongbong” Marcos Jr., under Executive Order 62, lowered tariff rates for rice to 15% until 2028 from the previous 35%.
Agriculture Food Prices Rice Prices Samahang Industriya Ng Agrikultura
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