Price of rice soars in Davao
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Rice at P40. In a press conference on May 30, Department of Agriculture XI Regional Director Rogelio Chio notes a ten peso increase in the price of rice from last week’s average of 34-peso per kilo. He also cites reports that rice prices in Malalag, Davao del Sur, even went up as high as fifty pesos per kilo. DA could not explain the cause of the sudden increase in rice prices in the region while those in Luzon and Visayas remain stable. Some millers reportedly attribute the increase to the high cost of electricity and other inputs, increase in the farm gate prices and the high cost of fertilizer. (davaotoday.com photo by Barry Ohaylan)
In one of the rice stalls on Bangoy street, Banay-banay rice sells at forty-two pesos per kilo while the 7-tonner variety sells at thirty nine pesos per kilo. Consumers were alarmed when commercial rice prices went as high as forty pesos per kilo in a week’s time. (davaotoday.com photo by Barry Ohaylan)
National Food Authority provincial director for Davao City Lorenzo Camayang vows to increase their daily allocation of NFA rice in “Tindahan ng Bayan” outlets from 15 bags to 25 bags but warns that doing so will not stop commercial rice prices from increasing further. The NFA rice is sold at P18.25 per kilo. (davaotoday.com photo by Jonald Mahinay)
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