During campaign season, Marcos Jr. disclosed plans to bring down the price of rice by P20 to P30 per kilo by recommending a price cap on the staple, or subsidizing the price of rice. He said he would issue an executive order directing the Department of Agriculture and the National Food Authority to procure rice harvests from local farmers at higher and more competitive prices.

More recently, agricultural group Samahang Industriya ng Agrikultura warned that the retail price of rice could go up to between P4 and P5 a kilo in October following the delay in the release of government subsidies to farmers.

“There is a threat that we might be lacking in rice. For us farmers, the first reason is because of low prices of palay and high input costs. Because of this, the harvest is not good. There is no motivation to harvest because farmers earn so little,” agronomist Teodoro Mendoza said.

Sources:
https://business.inquirer.net/…/marcos-asked-to…
https://www.bworldonline.com/…/rice-prices-set-to-rise…/
https://www.manilatimes.net/…/rice-price…/1856975
https://www.gmanetwork.com/…/marcos-wants-price…/story/

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