RICE farmers and members of civil-society groups Wednesday warned that the worst in the country’s rice- supply woes is yet to come as they predict the prices of rice will soar to as high as P40 a kilogram (kg) during the lean months of July to September unless the government acts with dispatch to prevent what could be a serious rice crisis.
Jessica Reyes-Cantos, lead convenor of Rice Watch and Action Network (R1), said reports of the tightening global supply of rice have pushed local prices in the market of the country’s staple food abnormally high even as the harvest season is still headed for its peak in April.
This early, he said unscrupulous rice traders are buying palay from farmers at P12/kg to P16/kg, apparently with the intention of manipulating rice supply and price in the lean months.
Read more about > Rice Price Increase
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