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P20/kilo rice not yet possible, says DA chief

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Achieving the “aspiration” for rice at P20 per kilo is not possible at this time, but the government will work on bringing down prices to affordable levels for consumers, newly installed Agriculture Secretary Francisco Tiu Laurel Jr. said yesterday.

A rice vendor inspects his products at a public market in Paco, Manila on September 6, 2023 after President Bongbong Marcos Jr. imposed a nationwide price ceiling for regular milled rice at P41 per kilo and P45 per kilo for well-milled rice.MANILA, Philippines —

However, the department chief did not discount the fact that lowering prices is still possible with the modernization of agriculture. “It is possible to lower the price. But we need to have our silos, we have to have buffer stock. And we have to change some laws, I believe,” Laurel said. Moreover, Laurel said his appointment would not cause any conflict of interest as he has divested from Frabelle Fishing Corp.

The group also emphasized the need to remain “extra vigilant” with the appointment of Laurel due to his “extensive experience in the fishing industry and commercial ventures.” For their part, an autonomous region in the south on Monday gave the newly appointed agriculture secretary a vote of confidence, certain he will complement efforts to empower the agriculture and fishery sectors in the Bangsamoro provinces.

 

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