NFA: Rice prices to go up during lean months
NFA public affairs director Rex Estoperez said prices normally go up during the lean months.
However, he said the agency would study the need to augment rice supply, depending on the effects of the El Niño phenomenon on this year's harvest.
In a press briefing on Sunday, June 15, Presidential Communications Secretary Herminio Coloma Jr attributed the price increase to market forces.
He also said the NFA and the Department of Agriculture were monitoring the situation.
"According to the NFA and the agriculture department, once the harvest season arrives, the country's supply of rice will increase and there will be a corresponding adjustment to the prices," Coloma said.
"The Department of Agriculture is closely monitoring the situation, as well as the price changes in ginger, garlic, and other everyday cooking commodities," he added. – Rappler.com