Rice Prices in NCR Decline After Strategic Discussions with Market Leaders.
Manila: The Department of Agriculture (DA) on Monday reported a decline in prices of retail regular and well-milled rice in Metro Manila following talks with market heads. “Doon sa monitoring natin last week hanggang sa ngayon, marami naman iyong sumusunod doon sa (Since our monitoring last week until now, there are many following the range of) PHP42 and PHP45,” DA Assistant Secretary Arnel de Mesa said in a phone interview. According to Philippines News Agency, the selling prices provide retailers with a profit margin of PHP3 to PHP5 per kilogram for imported rice under the 15 percent reduced tariff. However,