{"id":11831,"date":"2023-12-09T09:33:54","date_gmt":"2023-12-09T09:33:54","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=11831"},"modified":"2023-12-09T09:34:07","modified_gmt":"2023-12-09T09:34:07","slug":"ex-da-chief-spike-in-rice-retail-prices-to-continue","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/ex-da-chief-spike-in-rice-retail-prices-to-continue\/","title":{"rendered":"Ex-DA chief: Spike in rice retail prices to continue"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"533\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/10_2023-12-08_23-03-56.jpg\" alt=\"\" class=\"wp-image-11832\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/10_2023-12-08_23-03-56.jpg 800w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/10_2023-12-08_23-03-56-600x400.jpg 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/10_2023-12-08_23-03-56-300x200.jpg 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/12\/10_2023-12-08_23-03-56-768x512.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>A store retailer displays rice and their prices in accordance with the nationwide implementation of the new price caps on rice on September 5, 2023.<\/p>\n\n\n\n<p>MANILA, Philippines \u2014 The retail price of rice will continue to go up as the lowest cost of the staple was at P52 per kilo, former agriculture secretary Leonardo Montemayor said yesterday.<\/p>\n\n\n\n<p>\u201cI will not be surprised if the retail price (of rice) will continue to increase as the farmgate price of palay reached around P30 per kilo, and if you convert it to rice, it\u2019s times two, that\u2019s P60,\u201d Montemayor said in a radio interview.<\/p>\n\n\n\n<p>He added that the retail price of imported grains is also increasing.<\/p>\n\n\n\n<p>\u201cThe government resorted to importation to prevent a shortage in the supply, but the prices in the world market also went up and there is also the threat of El Ni\u00f1o,\u201d Montemayor said.<\/p>\n\n\n\n<p>He also questioned the veracity of the claim of the Department of Agriculture (DA) that the country has enough supply of the staple food until March 2024.<\/p>\n\n\n\n<p>According to Montemayor, the Federation of Free Farmers has been questioning the accuracy of the projection in the rice inventory.<\/p>\n\n\n\n<p>\u201cWe have been asking whether the data, analysis and projections of the official government statistics agency, the Philippine Statistics Authority (PSA) is accurate. We already wrote a letter around June this year, we asked if the data on the supply of rice was accurate as there is a big discrepancy between the report of the PSA compared to the data of the DA and the private sector,\u201d Montemayor said.<\/p>\n\n\n\n<p>He expressed hope that Agriculture Secretary Francisco Tiu Laurel Jr. will fix the problem.<\/p>\n\n\n\n<p>\u201cIt (system) needs to be reviewed. Hopefully, Secretary Laurel will be able to enforce important reforms,\u201d Montemayor said.<\/p>\n\n\n\n<p>At the same time, he said that Laurel should include the farmers in implementing reforms at the DA.<\/p>\n\n\n\n<p>\u201cIt is the poor who suffer because of wrong decisions,\u201d Montemayor said.<\/p>\n\n\n\n<p>Based on the monitoring of the DA in Metro Manila markets, the retail price of local regular milled rice was sold for as high as P52 per kilo; local well-milled rice, P57 per kilo; local premium rice, P60 per kilo; local special rice, P68 per kilo.<\/p>\n\n\n\n<p>Imported well-milled rice was sold at P52 per kilo; imported premium rice, P60 per kilo and imported special rice, P65 per kilo.<\/p>\n\n\n\n<p>Laurel has issued Memorandum Circular 53 directing all importers to utilize the sanitary and phytosanitary import clearance granted to them within 30 days amid reports of rampant non-utilization of the permits, and added that he recognized the need to protect the welfare of local farmers and producers and the need to ensure food security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A store retailer displays rice and their prices in accordance with the nationwide implementation of the new price caps on rice on September 5, 2023. MANILA, Philippines \u2014 The retail price of rice will continue to go up as the lowest cost of the staple was at P52 per kilo, former agriculture secretary Leonardo Montemayor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[393,159],"class_list":["post-11831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-prices","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-DA chief: Spike in rice retail prices to continue - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ex-DA chief: Spike in rice retail prices to continue - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"A store retailer displays rice and their prices in accordance with the nationwide implementation of the new price caps on rice on September 5, 2023. 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