Tag: rice
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Palay prices soften further in July as global price slips—PSA data
The farm gate price of palay continued its downward spiral in July, dragged down by weakening global prices of the grain that have spurred a surge in rice imports.
President Marcos suspends rice importation for 60 days, starting Sept 1
President Ferdinand Marcos Jr., after consulting select members of his Cabinet, decided to suspend for 60 days the importation of rice to protect local farmers from the influx of cheap rice, said Press Secretary Dave Gomez said Wednesday.
Rice prices may help temper inflation despite surge in other food costs
Rice prices may continue to ease inflationary pressure this July, even as the cost of other key food items rises with the onset of the rainy season, according to preliminary data from the Philippine Statistics Authority (PSA).
Rice price drop in June may slow inflation; broader risks remain
Inflation in June appears poised to continue its descent following May’s six‑year low of 1.3 percent—a drop largely fueled by a sharp decline in rice prices, according to the Philippine Statistics Authority (PSA).
Rice prices dip in June, may slow inflation further
The Philippine Statistics Authority's early June survey indicates a continued decline in regular milled rice prices, averaging P42.77 per kilogram—down nearly seventeen percent from P51.31 in the same period last year and slightly lower than May’s P43.64.
