The Department of Agriculture has announced that it will not impose a price ceiling or suggested retail prices (SRPs) on rice, despite the rising inflation rate of the staple grain. The decision is aimed at avoiding potential negative effects in the future. Instead, the department is focusing on enhancing rice production and reducing costs through mechanization and streamlined post-harvest processes.
The Department of Agriculture will not recommend a new retail price ceiling or suggested retail prices on rice despite the continued double-digit growth in the staple grain’s inflation rate.
De Mesa outlined the government’s strategy, emphasizing increased mechanization and streamlined post-harvest processes to invigorate agricultural activity. Compared to the latest PSA data as of February 2024, however, the NFA’s buying price of dry palay was lower than the average farmgate price nationwide of P25.21 per kilo.
“The percentage ranges from 15 to 20 percent depending on the area and level. Most of these losses occur during drying and milling. For instance, in milling, our current milling recovery stands at 65 percent, but many milling processes yield only 50 to 55 percent,” he said.
Department Of Agriculture Price Ceiling Suggested Retail Prices Rice Inflation Mechanization Post-Harvest Processes
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