PSA notes slight drop in farmgate palay prices

Quick Summary:

Local traders purchased unmilled rice at a slightly lower price in October, according to the Philippine Statistics Authority (PSA).

Meanwhile, agricultural groups urged the government to revert to the previous tariff levied on key agricultural commodities when it conducts its periodic review and boost local production.

According to SINAG Executive Director Jayson Cainglet, however, the framework and parameters for the review of Executive Order (EO) 62, particularly for rice, should hinge on a few factors.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Prices Sale Farmers Percent Rice Kilo Price Palay Farmgate October Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 15:54:50 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23588336

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