Tuesday, May 22, 2018
Close  
  • share this
P39 A KILO

Isabela millers send more rice to Metro Manila

05:18 AM April 24, 2018

SANTIAGO CITY—Isabela rice millers sent 14,000 bags of commercial rice to Metro Manila on Monday, part of their commitment for 100,000 bags to stabilize prices of the staple.

The Isabela Rice Millers Association would absorb the cost of selling the stocks at P39 a kilogram. It valued the initial deliveries at P27.3 million.

The group joined millers of Nueva Ecija and Bulacan provinces who earlier sent cheaper rice to Metro Manila after heeding President Rodrigo Duterte’s request for the poor to have access to affordable rice.

ADVERTISEMENT

Imported rice

Prices shot up when the National Food Authority (NFA) stopped distributing rice sold for less than P40 a kilo. NFA buffer stocks suffered a sharp drop as the agency awaited 250,000 metric tons of rice imported from Vietnam and Thailand at the end of May.

“The stocks would further be boosted as we have been buying now more rice from farmers and cooperatives,” said Malou Luluquisen, information officer of NFA in Cagayan Valley.

Mel Coronel, president of the Nueva Ecija Rice Millers Association, said 30,000 bags of rice had been delivered by their members since April 16. —Reports from Villamor Visaya Jr. and Anselmo Roque

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: NFA rice supply, rice prices
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved