| Amid the unabated surge in the prices of rice in Mindanao, which already hit record-high of P43-P45 per kilo, buyers of cheaper rice at an NFA outlet wait for their turn for a limited allocation of two kilos per buyer in Agdao pulic market in Davao City Monday. (Contributed photo) |
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DAVAO CITY -- Prices of "milagrosa" or well-milled rice reached P50 per kilo on Monday in some parts of Mindanao, including cities of Davao, General Santos, Digos, Cagayan de Oro, and Butuan.
Amid assurance of ample rice supply by the National Food Authority (NFA), rice traders in Davao Region raised fears that prices of the staple in the region may go up to as high as P60 per kilo in the next few months.
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