Rice prices expected to rise during lean months-A A +A
Friday, September 6, 2013
THE recent increase in the prices of price is something not to worry about during this time of the year.
"The months of June, July, August, and until a few weeks into September are lean months, there are no harvest during that time. So the result would be a lower supply of rice," acting assistant provincial manager of the National Food Authority (NFA) Maria Elaine Respecia said in an interview with Sun.Star Davao.
She said the increase of prices is really around June and July, but comes September, rice producing provinces will start the harvest season.
"If there is a full blast harvest of rice in September, hopefully there will be a decrease in the prices of commercial rice," she said, adding that competition among sellers will also be a factor with the decrease in the prices of the product.
Despite the increase in the prices of rice, the subsidized NFA rice will remain the same at P27/kilogram in NFA accredited outlets.
The NFA 11 maintains 276,000 sacks of rice in their warehouse and currently they have a total of 300,000 sacks. Ten percent of these are from local producers while 90 percent are imports.
Published in the Sun.Star Davao newspaper on September 06, 2013.