The Department of Trade and Industry (DTI) observed a decrease in rice prices in the last two months.
DTI Asec. Agaton Uvero attributed the drop to sufficient supply of local rice, and to an increase in imports due to Executive Order No. 62.
The order, which took effect last July, lowered the tariffs on imported rice from 35 percent to 15 percent.
"Mababa rin yung tax sa mga imported kaya naapektuhan, bumababa yung presyo ng bigas," Uvero said on Friday, September 20, during a price and supply inspection at Farmer's Market in Cubao, Quezon City.
WATCH: Ayon kay DTI Asec. Agaton Uvero, bunga ng EO 62 na ng nilagdaan ni Pang. @bongbongmarcos ang pagbaba ng presyo ng bigas sa nakalipas na dalawang buwan. | RH 52 @ednielparrosa, DZRH News pic.twitter.com/zRDvUJAmYh
— DZRH NEWS (@dzrhnews) September 20, 2024
Based on the monitoring of the Department of Agriculture as of September 17, in Metro Manila, the price of local regular-milled rice ranges from Php 45 per kilogram to Php 51 per kilogram, while local milled rice ranges between Php 46 per kilogram to Php 55 per kilogram.
Meanwhile, imported regular-milled rice ranges between Php 42 per kilogram to Php 45 per kilogram, and imported well-milled rice ranges from Php 45 per kilogram to Php 55 per kilogram.
