RICE prices could markedly fall next month as imports levied lower tariffs have started to arrive, the Department of Agriculture (DA) said.
RICE prices could markedly fall next month as imports levied lower tariffs have started to arrive, the Department of Agriculture said.Agriculture Assistant Secretary Arnel de Mesa said on Friday that around 35,500 metric tons of the grain had already been shipped to the Philippines under the 15-percent tariff established via Executive Order 62.
The DA official earlier said that retail prices of rice could go down by almost P7 a kilo in the next few months following the government's approval of lower import tariffs.Price monitoring by the department showed that the prevailing prices of imported well-milled rice as of July 19 range between P51 and P55 per kilo, while regular milled rice is priced at P47 to P49 per kilo.
Rice Prices Could Fall Below P50/Kilo In August
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