No rice price hikes expected until early 2024: Agri dept

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The Department of Agriculture (DA) expects no increase in the price of rice until early 2024.

DA Assistant Secretary Arnel De Mesa said the government is seeing a more stable supply of rice following the onset of the harvest season and the expected arrival of imports.

“Pwede po pumalo ang ating national inventory stocks hanggang 77 days ngayon buwan ng Oktubre at sa buwan ng Nobyembre, sa katapusan po ng pagaani para sa wet season na, asahan po natin na papalo po ito ng 94 days. Wala pa po dito ang import, so maasahan po natin na maganda at malaki po iyong national inventory ng Pilipinas,” he added.

DA, on the other hand, sees a possible increase in the price of eggs towards the end of the year as the demand for eggs commonly increases during this time.“Forty percent ng egg production natin ay ginagamit ng industrial users, mga gumagawa ng tinapay, ng cakes, hotels and restaurants, 60 percent iyong household users. So iyong atin namang production doon sa commercial is about 36 million eggs a day, so sapat ito sa consumption ng bawat Pilipino.

Inflation remains the most urgent concern of Filipinos, according to a survey by Pulse Asia Research Inc.

 

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