Agri group expects rice prices to drop in next 2 weeks

The group Samahang Industriya ng Agrikultura expects rice prices to decrease to ₱40 per kilogram in the next two weeks as harvest season begins.

Based on SINAG’s estimation, regular milled rice may drop to ₱40 per kilogram, while well-milled rice may cost ₱42 to ₱43 per kilogram “We’re expecting ‘yung regular, kahit lower than ₱40,” SINAG Executive Director Jayson Cainglet said. “Siguro by next week kasi ‘yung mga naani last week and this week, papasok ‘yan sa market.”In Metro Manila markets, regular milled rice ranges from ₱41 to ₱45 per kilogram, while well-milled rice costs up to P48, according to the Department of Agriculture .

DA spokesperson Ariel de Mesa said in areas nearer to rice fields, rice is sold at ₱38 per kilogram at the beginning of the implementation of the price cap, which was intended to temper the high prices of the commodity. “Definitely, we can expect na bababa ‘yung presyo kaysa ‘yung mga nakalipas na linggo dito sa Metro Manila hanggang sa mga probinsya,” De Mesa said.

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