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'Palay, rice prices to decline as harvest season peaks'
The Philippine Star
|March 11, 2024
Palay and rice prices are expected to continue going down with the peak harvest season, according to farmers' group Federation of Free Farmers (FFF).
"Although El Niño will affect output, the total harvest will still be relatively large and more supply in the market will tend to reduce prices," FFF national manager Raul Montemayor told The STAR yesterday.
The dry harvest season has started this month and will last until April 2024, he added.
"If the effect of El Niño is significant and continues to persist, and if import prices continue to be high, the seasonal decline in prices might be short-lived," he noted.
Meanwhile, the farmgate price of palay already dropped between P22 and P23 per kilo for fresh palay and between P26 and P28 per kilo for dry palay from the previous P28
This story is from the March 11, 2024 edition of The Philippine Star.
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