DA: Rice prices could fall below P50/kilo in August

By Janine Alexis Miguel

Jul 20, 2024 12:24 am

RICE prices could markedly fall next month as imports levied lower tariffs have started to arrive, the Department of Agriculture (DA) said.

Agriculture Assistant Secretary Arnel de Mesa said on Friday that around 35,500 metric tons (MT) of the grain had already been shipped to the Philippines under the 15-percent tariff established via Executive Order 62.

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