Wednesday 21 November 2018
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inquirer - 6 month ago

Private traders now the source of cheapest rice with NFA supply tight

In a twist of irony, the country s private traders are now the consumers source of the cheapest rice alternative in the market as the tightness in the supply of the staple from the National Food Authority (NFA) led to the continuous increase in rice prices. As of the first week of May, data from the Philippine Statistics Authority (PSA) showed retail prices for regular-milled and well-milled rice climbed to P40.04 and P43.86 per kg, respectively, or an increase of 7.29 percent and 5.48 percent from prices

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