Government mulls over strategies for expanding food supplies

Quick Summary:

The national government is currently weighing options for beefing up the supply of rice and other key commodities after a series of typhoons struck the Philippines and the recent weakening of its currency.

For local well-milled rice, the price is P50 per kilo while regular milled is P42 per kilo, government data showed.

It added that this move is expected to help bring down the retail rice prices while maintaining healthy market competition.

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Article Details

Author / Journalist: Cai U. Ordinario and Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Retail Price Department Prices Balisacan Kilo Food Percent Cost Rice Tariffs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 15:06:01 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1373 words

Reading Time: 8 minutes read

Sentences: 52 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23923225

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 75 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 9 hours ago

Coverage Areas: Philippines

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