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Bicol rice retail prices hit P75/kilo
The Philippine Star
|January 25, 2024
Retail prices of rice in Bicol have reached P75 per kilo, according to watchdog group Bantay Bigas.
The spokesperson for the group, Cathy Estavillo, cited monitoring which showed that rice prices in the region ranged between P60 to P75 per kilo.
Estavillo said the increase in rice prices continues despite a report by the Philippine Statistics Authority that palay production in 2023 increased to 20.05 million metric tons compared to 19.75 million MT in 2022.
She said consumers do not feel the increase in palay production, noting that retail prices of rice in 2023 were the highest in 14 years.
Diese Geschichte stammt aus der January 25, 2024-Ausgabe von The Philippine Star.
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