The Philippine Statistics Authority (PSA) reported price hikes for several commodities like rice and cooking oil in the early days of April. The PSA said the average retail price of a kilogram of regular milled rice increased to P51.39 between April 1 and 5, from the previous month's prices of...
Albay 2nd district Rep. Joey Salceda (MANILA BULLETIN) Prices of rice--the country’s staple grain--are so impactful that they actually affect the quality of jobs available to Filipinos. Thus, said economist-solon Albay 2nd district...
An economist has cast doubt on the possibility of rice prices falling to P20 per kilo, citing the disruptive effects of persistent extreme weather events like El Niño on agricultural yields as factors that make such a price reduction improbable. Carlos Manapat, chair of the economics department at...
Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) The Philippines continues to feel the effects of the "abnormal" price of rice in global market, thus the higher inflation rate this past month. Economist-solon...
Dinorado, sinandomeng, and other varieties in the market may soon have a healthier form as the International Rice Research Institute (IRRI) is developing a new rice variant that could lower the risk of developing diabetes, as well as lessen the demand for unlimited rice strategies in food...
The prices of agricultural commodities, notably rice, saw increases again during the last days of February, the Philippine Statistics Authority (PSA) reported. Based on the PSA price situationer, a kilogram of regular milled rice increased to P50.63 during February 15 to 17 from P50.34 during the...
High prices of rice in the Philippines is inevitable, President Marcos said. Marcos stated this, responding to a question of a letter sender if “BBM” stands for "Bigas Biglang Mahal.” The President explained that it is unavoidable to see a rise in the prices of rice in the country,...
Prices of some foods, particularly imported, are starting to increase again in February after posting declines last month as local products become the cheapest option, government data showed. The common staple well-milled rice was pegged at P56.21 per kilogram, coming from the prices of P55.42 and...
Despite the persistent El Niño in the early part of the year, the Department of Agriculture (DA) has assured stable rice prices through June. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said on Thursday, Feb. 8, that the nation's rice supply for the first half of the year is secure,...
Consumers are urged to prepare for a surge in rice prices as the government warned that recent cost increases for the nation's staple food are expected to persist, posing a threat to the country's most vulnerable households. In a briefing, Philippine Statistics Authority (PSA) Undersecretary Claire...
The price of well-milled rice slightly increased during the first week of January amid the dry spell forecast this year, based on the data from the Philippine Statistics Authority (PSA). According to the PSA report, a kilogram of well-milled rice cost P55.5 from January 1 to 5, which is higher than...
The Philippines is more likely to have a lower inflation rate this year driven by a possible decline in crude oil prices despite an increase in rice prices, an economist said. Victor A. Abola, an economist from the University of the Asia and the Pacific, said in a briefing that inflation in 2024...
