PHL rice retail prices still high in August–FAO

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The story "PHL rice retail prices still high in August–FAO" was covered 15 hours ago by Business Mirror, a news publisher based in Philippines.

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PHL rice retail prices still high in August–FAO - Business Mirror

Quick Summary:

THE Philippines’s retail rice prices remained elevated in August due to El Niño and high world prices, according to the Food and Agriculture Organization of the United Nations (FAO).

It added that this reflected tightening seasonal availability ahead of the 2024 main harvest that is expected to start in October.“High production and transport costs exacerbated price increases [in Myanmar],” the FAO said.

Data from the Bureau of Plant Industry (BPI) showed that imported rice that arrived in the Philippines reached nearly 3 million metric tons (MMT) as of September 5.