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DA: Expect lower rice prices this month
The Philippine Star
|October 06, 2024
Agriculture Secretary Francisco Tiu Laurel said rice prices are expected to lower later this month, following the sharp slowdown in the September inflation rate due to the decline in food prices.
Tiu Laurel said rice prices should reflect the reduction in tariffs on imported rice this October.
Tariffs have been cut to 15 percent from 35 percent, alongside the lifting of India's export ban on rice.
Still, Tiu Laurel said there is usually high demand ahead of and during the Christmas season that could temper decline in food prices.
Bu hikaye The Philippine Star dergisinin October 06, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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