Department of Agriculture announced that the country’s rice supply will be stable during the holidays and until the first quarter of 2024.
According to Department of Agriculture (DA) spokesperson Arnel de Mesa, this is following the ongoing harvest season and previous imports.
He noted that prices has dropped to around P41 to P45 per kilo for well-milled rice and down to P38 to P39 per kilo for regular milled rice in some provinces.
De Mesa said the Current farmgate prices set by the National Food Authority (NFA), which are between P22.50 per kilo for dry rice and about P18 for wet rice, will benefit farmers.
As for the buffer stock, De Mesa said the country has 94 days in its national stock inventory following the strong harvest season this month and the nearly 2.8 million metric tons of rice imported in the first half of the year.
