A year into Bongbong Marcos’ rule: P20/kg rice becomes a conundrum

But a year into his presidency, he said the “P20 rice” that he promised will soon become a reality. “We’re getting there,” he said, pointing out that “we are already at P25 a kilo […] we can bring that down soon.”Yes, rice is already being sold at P25 a kilo but only in government outlets, like the “Kadiwa ng Pangulo.” Marcos, last year, said “we are getting closer and closer to my dream,” but referred, too, to how rice is being sold at P25 a kilo in government outlets.Dr.

Mendoza pointed out that with P8 as buying price, the 6,110 kilos of rice harvest per hectare will only translate to income of P48,880, leaving the farmer with a loss worth P24,123—the difference of 73,003.2 and P48,880. Private traders, he said, are currently buying palay at P21 to P23 a kilo because of the threat of El Niño. With this, the choice that local farmers will take is already obvious, Mendoza said.As early as 2008, an official of the Asian Development Bank already told the Foreign Correspondents’ Association that “we just have to accept [that] the era of cheap food is over.”

Assistant Agriculture Secretary Rex Estoperez especially pointed out that “if the farm gate price [of palay] goes up, that will translate to higher selling prices [for rice],” which is usually double the farm gate palay price.Last year, Mendoza also stressed that a rice shortage, triggered by low buying price for palay, higher production cost that can result in low rice harvest, could increase the price of the staple.

“If this was correct, then production in 2022 should have gone down by 18 percent and not 1 percent,” FFF explained.

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