Retail price of imported rice should go down – groupMANILA, Philippines — The retail price of imported rice should go down amid the downward trend in the world market as its cost remains high at P60 per kilo in Philippine markets, farmers’ group Samahang Industriya ng Agrikultura chairman Rosendo So said yesterday. “With this, from more than P60 (per kilo), the retail price of imported rice, particularly the special and premium rice should go down to P50 plus (per kilo),” So said. Based on monitoring of the Department of Agriculture (DA), the retail price of imported special rice ranged between P53 and P60 per kilo; imported premium rice, between P52 and P58 per kilo; imported well-milled rice, between P45 and P48 per kilo and imported regular rice, P43 per kilo. This is 600,000 metric tons lower than three million metric tons of the same period last year,” De Mesa said. Based on DA monitoring, the retail price of local regular milled rice ranged between P41 and P45; regular well-milled rice, between P45 and P48 per kilo; local premium rice, between P47 and P60 per kilo; and local special rice, between P54 and P62 per kilo.

Source: Philippine Star October 16, 2023 07:26 UTC