The Samahang Industriya ng Agrikultura (SINAG) on Saturday stated the federal government may elevate the mandated worth ceiling for normal and well-milled rice within the subsequent few weeks.
According to a “24 Oras Weekend” report by Bernadette Reyes, SINAG stated that the rice harvest season was beginning, so costs have been anticipated to lower steadily.
“Pag-harvest natin towards December, ‘yung presyo babalik sa normal nasa P43, P44. ‘Pag harvest natin, babalik yung presyo without importing, without lowering of tariff,” stated SINAG Chairman Rosendo So.
(When we harvest in the direction of December, the value will return to regular at P43, P44. When we harvest, the value will return with out importing, with out reducing of tariff.)
“End of the month is okay na, and makikita natin ang harvest ng September, in which mga 2.7 million metric tons ang naiiwan na harvest ng palay,” he added.
(End of the month is okay, and we are going to see the harvest in September, wherein about 2.7 million metric tons of rice left to be harvested.)
Several rice retailers from Commonwealth Market stated that the value of rice from suppliers was steadily lowering.
However, rice watch group Bantay Bigas stated regardless of reducing rice costs, some customers could not nonetheless have the ability to afford it.
“At least P34-36 sana ang panawagan, at magagawa ‘yan kung talagang gobyerno na mismo mag-subsidize sa presyo ng bigas,” stated Bantay Bigas Chairperson Cathy Estavillo.
(We’re calling for a P34-P36 rice worth at the least, and this may be attainable if the federal government itself subsidizes the value of rice.)
Meanwhile, the anticipated enhance in provide led to by the harvest season is likely one of the elements being thought of, the Department of Agriculture (DA) stated.
“The fact that some retailers are now selling rice below [the price cap of] P41 and below P45 is indeed a good indicator,” it added.
Along with different authorities companies, the DA would intently monitor the symptoms to offer President Ferdinand “Bongbong” Marcos Jr. with “an informed recommendation on the timeline of lifting the price ceiling on rice.” — Sherylin Untalan/DVM, GMA Integrated News
Source: www.gmanetwork.com
