THE National Food Authority (NFA-Davao City) said prices of rice in the city have remained stable as of Thursday.
Based on the agency's monitoring, the retail price of regular milled rice is from P31 to P39 per kilograms (kg) with a prevailing price of P35/kg while the wholesale price is at P30 to P36/kg with a prevailing price of P33/kg.
Well milled rice is at P35 to P42/kg with a prevailing price of P38.50/kg while the wholesale price is at P32 to P39 with a prevailing of P35.50/kg.
The prices of Fancy rice, Special rice B and Special rice A, also remain stable.
The price of Special rice B, which includes organic rice and the 160 toner variety among others, is at P36 to P50/kg with a prevailing price of P43/kg.
Special rice A, the most expensive varieties of rice that includes glutinous rice, red, brown, and black rice among others, is at P42 to P74/kg with a prevailing price of P58/kg.
NFA Davao City provincial director Virgilio B. Alerta, in a phone interview with Sun.Star Davao yesterday, said the stability in the price of rice is due to the increase in supply brought by the harvest months of October, November, and December.
There is now harvest coming from the rice producing provinces of the region, which are Davao del Sur, Davao del Norte, Compostela Valley, and Davao Oriental. Alerta said the region is moderately self sufficient when it comes to rice production.
He also said the surplus of rice production from North Cotabato, Sultan Kudarat, and South Cotabato are also being sold in the markets here.
Alerta said consumers can expect the stability in the price of rice up until the first quarter or early second quarter of next year. Based on the cycle of rice production, he said the price would increase around April, the beginning of the lean months, and will last until September.
He said they will closely monitor the prices of rice around February or March next year.
Alerta also said consumers can be assured that there is sufficient supply of NFA rice. At present, they have some 900,000 sacks of rice in their warehouses.
NFA rice is being sold at P27/kg for regular milled rice and P32 for well milled rice.