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Manila Bulletin devider Philippines devider National devider DA expects most retailers to sell rice at P41-48 per kilo come December

DA expects most retailers to sell rice at P41-48 per kilo come December

Published Nov 20, 2023 07:26 am

At A Glance

  • The Department of Agriculture (DA) has projected a price range of P41 to P48 per kilo from most rice retailers come December, or the height of the holiday season. 

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Rice (Ellson Quismorio/ MANILA BULLETIN)

The Department of Agriculture (DA) has projected a price range of P41 to P48 per kilo from most rice retailers come December, or the height of the holiday season.

In a briefing held by the House Committee on Agriculture and Food on Monday, Nov. 20, Quezon 1st district Rep. Wilfrido Mark Enverga asked the resource persons from DA about their "price prediction for rice" next month.

Attending the briefing was DA Assistant Secretary Arnel de Mesa, who at the start of the proceedings made a presentation on the prevailing prices of different agricultural products.

"Mr. Chair, for well-milled rice, P48 [pe kilo] yung ineexpect natin. And then for regular, ang ano po natin is about P41 to 43 per kilogram," De Mesa said, referring to Enverga.

Enverga noted that this price range ran counter to claims of some sector that rice costs were on the way up due to rising farm gate prices.

Farm gate prices are defined as the prices received by farmers for the sale of their crops at the location of farm.

"What we are normally using po yung prevailing [price]. Yung prevailing po, ibig sabihin, ito po yung mga retailers na nagtitinda nang karamihan at this level of price," De Mesa said.

(What we normally use is the prevailing price. The prevailing price refers to the price that most retailers use.)

The DA official noted that rice prices may still go higher or lower than the prevailing price.

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"We just would like to inform this honorable body Mr.Chair that as of today, more than 95 percent [of palay] were already harvested and majority of these harvests were bought at an average of between P20 to 23 per kilogram [from farmers]," De Mesa said.

What's left that are being fought over by rice traders are the more premium grades of rice, he said.

Enverga subsequently asked about the country’s rice supply come January, which marks the start of the lean season for the staple grain.

For the dry season/ lean months, which is mid-January, mid-February, we still have ample supply Mr. Chairman. As I mentioned, going into first quarter, our production is 90 days. Right now it's 80 days without additional imports.

DA Secretary Francisco Tiu Laurel Jr. also attended the panel briefing.

Related Tags

Department of Agriculture (DA) arnel de mesa wilfrido mark enverga Rice prices
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