Rice prices eyed to further decrease to P34

earlier reported a 12.3 percent decrease to P36.53 a kilo in January from P41.36 in December last year.

“The lowest one that we saw was in 2013 which was P33.70, eto na ngayon ang pinakamababa after six years, seven years . Hopefully, pababa pa rin tayo ,” Sombilla said. But Sombilla noted several factors may affect the target rice price of P34 like the world market’s trends or possible crisis on country’s rice importers like Vietnam and Thailand.

“There are so many factors that will get into that, including how the world market will also be evolving in the coming months,” he said. “Hindi naman naapektuhan maliban kung merong magiging crisis sa Vietnam, Thailand where major of our imports are coming from, which I don’t see in the near future,” she added.

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