Pork belly retail price hits P420/kilo
MANILA, Philippines — The retail price of pork belly or liempo has reached as high as P420 per kilo amid the upward trend in its cost, according to data from the Department of Agriculture (DA).
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Delay seen in implementation of rice tariff cuts
MANILA, Philippines — The implementation of reduced tariffs on rice is expected after the National Printing Office said Executive Order (EO) 62 would be published only today due to the measure’s “voluminous pages.”
DA defends decision to sell P29/kilo rice
MANILA, Philippines — The Department of Agriculture (DA) defended yesterday the decision of the government to sell rice at P29 per kilo at Kadiwa outlets, saying it aims to benefit the poor.
House to probe prices of goods
(UPDATE) THE House of Representatives will conduct a probe into the «disconnect» between the farmgate and retail prices of basic goods upon the resumption of session, Speaker Ferdinand Martin Romualdez said.
EDITORIAL — Rice sufficiency
Once again, rice prices accounted for a substantial percentage of the food-fueled increase in the inflation rate last month. From 3.4 percent in February, the inflation rate accelerated to 3.7 percent, driven by food and non-alcoholic beverages, whose prices rose to 5.6 percent in March from 4.6 the previous month.
‘Palay, rice prices to decline as harvest season peaks’
MANILA, Philippines — Palay and rice prices are expected to continue going down with the peak harvest season, according to farmers’ group Federation of Free Farmers (FFF).
‘NFA lost P112 million after rice sale to traders’
MANILA, Philippines — The National Food Authority (NFA) has incurred losses of at least P112 million after the sale of 150,000 bags of rice at only P25 per kilo to some traders, according to a farmers’ group.
NFA defends sale of cheap rice; farmers slam ‘mafia’
MANILA, Philippines — The National Food Authority yesterday defended the sale of rice to some traders, saying the NFA is allowed to dispose of aging stocks amid the alleged anomalous sale of rice to traders.