PRESIDENT Ferdinand Marcos Jr. assured the public anew of stable supply and prices of rice as major palay-producing regions in the country have started harvesting their crops.
“Binabantayan namin nang mabuti ang pag supply ng ating bigas at pagbantay sa tumataas na presyo ng bigas at mayroon naman tayong balita na nagsimula na ang pag-aani sa Nueva Ecija, sa Isabela, at saka sa North Cotabato,” Marcos said. (So this (harvest) will add to our supply. What we are watching, of course, is the farmgate price, because that is what has increased the price today and also the import of other inputs and then the rice itself.)
“Palay harvest will peak in late September to October, contributing largely to the country’s second semester (July to December) production, estimated at more than 11 million metric tons (MMT),” he said. He made the statement after the DA and Prism presented to him the rice supply outlook for the country until the end of 2023.
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