THE commercial price of rice in the market remains stable as of this week.
Based on NFA-Davao City's price monitoring, the prevailing price of well milled rice is at P41.50 while regular milled rice is at P38.
In a seperate monitoring done by the Philippine Statistics Authority-Bureau of Agricultural Statistics last week, the prevailing price of well milled rice is at P45 while regular milled rice is ar P40.
Virgilio B. Alerta, National Food Authority (NFA)-Davao City provincial manager, said in an interview with Sun.Star Davao on Tuesday that the price will remain stable, with an increase in the supply of rice up until November or December.
He said the peak harvest season would have began by this month but due to delays in the planting of rice, brought by the dry season this year, the harvest of rice in some rice-producing provinces in the region have been moved.
Alerta said they are expecting the supply to go up by October when most of the rice producers are at the peak of their harvest.
Meanwhile, he also assured consumers that their supply of NFA rice is sufficient enough to supply the needs of consumers.
Alerta said that recently, they received some one million bags wherein around 800,000 were allocated to the region and around 260,000 for the Autonomous Region in Muslim Mindanao.
He said they already have dispersed the allocation for each province in the region and now have more than 709,000 left in their warehouses in Davao.
The price of regular milled NFA rice is at P27 while well-milled NFA rice costs P32.