Department of Agriculture Secretary and Spokesperson Arnel de Mesa emphasized that there is an adequate and affordable supply of rice in the markets.
According to de Mesa, the country has almost completed the wet season harvest.
About 90% of palay across the nation, bought at P22.00 per kilogram according to de Mesa, adding that the volume is currently sold at an average of P23-25/kilo farmgate price. The average retail price for regular well milled is at P42.80 while prevailing price for well milled is at P45.
He further stressed that the possible movement in price is an adjustment because there are only a few areas that remain harvestable from the wet season.
De Mesa explained that a total yield of 3.063 million metric tons (MMT) for November and December is expected.
