P5/kilo increase in rice price seen

By Janine Alexis Miguel

Apr 08, 2023 12:20 am

THE retail price of rice could go up by P5 a kilo in the next few weeks because of a lower import volume and high farm production costs, the Department of Agriculture (DA) has projected.

DA deputy spokesman Rex Estoperez said in a briefing Thursday he is hoping the price increase will not be as high as forecast since the government has stepped in.

TMT FILE PHOTO

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