FARMER’S alliance Federation of Free Farmers (FFF) dashed the public’s hope for a P40/kilo of rice, saying the retail price of rice will not return to its previous level as the prevailing cost in the market remains high.
FFF national manager Raul Montemayor said
imported rice in the international market went down to $570 per metric ton from the previous $630 per MT, but its landed cost will still average between P45 and P50 per kilo.
“The retail price of rice will not decrease that much, it will depend on the trading in the international market,” he said.
“Based on our computation with tax paid, it’s between P45 and P50 per kilo. It will depend on how much it will be sold by the traders,” Montemayor said.
Meanwhile, retail prices of local well-milled rice remain stable between P50 and P52 per kilo and no movement in its cost was observed in past months, according to the Department of Agriculture (DA).
Based on DA’s monitoring of Metro Manila markets, the retail price of local regular milled rice was at P50 per kilo; local well-milled rice, between P48 and P55 per kilo; local premium rice, between P51 and P58 per kilo; and local special rice, between P56 and P65 per kilo.
Imported regular milled rice, between P48 and P51 per kilo; imported well-milled rice, between P51 and P54 per kilo; imported premium rice, between P52 and P60 per kilo; and imported special rice, between P57 and P65 per kilo.
