Well-milled rice at P42 per kilo good for farmers, consumers–Tiu Laurel

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Well-milled rice at P42 per kilo good for farmers, consumers–Tiu Laurel - Business Mirror

Quick Summary:

THE Department of Agriculture (DA) said retail prices of around P42 per kilo for well-milled rice would ensure a "decent return” for farmers and access to cheaper rice for Filipino consumers.

The DA said that the price of well-milled rice in Thailand ranges from P51.95 to P132.75 per kilo, while the price is P44.47 and P88.86 per kilo in China.

The agency said rice is considered the country’s main food staple and for every P100 the average consumer spends on food, around P10 is used to buy rice.“For the bottom 30 percent of income households, a segment of the population where most farmers and fisherfolk belong, around P20 for every P100 is spent on rice.