News Archive
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Despite imports, rice retail price still high – group

Bella Cariaso – The Philippine Star

Workers unload sacks of premium rice from a trailer truck in Caloocan City on October 3, 2024.

MANILA, Philippines — Despite being the world’s biggest rice importer, with at least 3.29 million metric tons imported, retail prices of the staple in the country remain high, rice watchdog group Bantay Bigas has bewailed.

Bantay Bigas spokesperson Cathy Estavillo cited the administration’s dependence on rice imports from countries including Vietnam, Pakistan, Myanmar, India, China, Japan, Cambodia, Italy and Spain.

“The importation under the Rice Liberalization Law by President Marcos directly undermines the livelihoods of Filipino farmers and his issuance of Executive Order No. 62, which lowers rice import tariffs from 35 to 15 percent,” Estavillo said.

Estavillo added that the importation is not a solution and did not benefit the consumers and also weakened the country’s self-sufficiency and food security.

She said that the farmers are also affected by a drop in the farmgate price of palay because the National Food Authority fails to buy directly from the farmers, empowering the traders to dictate the price of the grain.

Based on monitoring of the Department of Agriculture (DA) in Metro Manila markets, the retail price of  imported regular milled rice is sold as high as P48 per kilo; imported well-milled rice, as high as P55 per kilo; imported premium rice, as high as P60 per kilo and imported special rice, as high as P65 per kilo.

Estavillo said that a nationally coordinated farmers’ protest will be held today.

Tomato price hike

The retail price of tomatoes in Metro Manila markets further increased to P200 per kilo because of the devastation brought by the recent Super Typhoon Enteng, according to the DA.

Three days ago, based on the DA’s price watch, the retail price of tomatoes reached as high as P180 per kilo. Prior to the devastation of Enteng, the retail price of tomatoes only ranged between P55 and P90 per kilo.

Meanwhile, the retail price of chilis or siling labuyo has also increased to as high as P450 per kilo, ginger at P300 per kilo and bell pepper at P360 per kilo.

The retail price of round scad or galunggong, once considered the poor man’s fish, reached as high as P340 per kilo.

On the other hand, the Philippine Egg Board Association (PEBA) yesterday gave assurance of enough supply of eggs amid the increase in the demand during the holidays.

In a radio interview, PEBA president Francis Uyehara said that the farmgate price of eggs remains stable between P7 and P7.50 per kilo.

“The retail price should only be P8 to P9 (per piece). Since last week of September, the farmgate price of eggs did not move but in retail, we observed continuous increase,” he said.

Based on monitoring of the DA in Metro Manila markets, the retail price of medium-sized eggs ranged between P7.80 and P9 per piece.

“We assure that the production (of eggs) continues to increase. What we cannot answer is the retail price as we don’t have the capacity to dictate the price. It is entirely dependent on the concept of supply and demand but we continue to increase our supply towards December,” he added.

Meanwhile, the retail price of whole chicken ranged between P150 and P230 per kilo.


https://www.philstar.com/headlines/2024/10/21/2394037/despite-imports-rice-retail-price-still-high-group QR Code

Published Date: October 21, 2024

More News