As the government boasted of the declining retail price of rice, farmers suffering from low palay prices were also subsequently promised a significantly lower production cost though it will not happen anytime soon.
As the government boasted of the declining retail price of rice, farmers suffering from low palay prices were also subsequently promised a significantly lower production cost though it will not happen anytime soon.
Agriculture Secretary William Dar said that with the help of Rice Competitiveness Enhancement Fund (RCEF), which is where all the tariff collected from imported rice should go, the cost of producing rice in the Philippines should significantly go down in the future.
To be exact, he wants it down by more than 60 percent from 12 per kilogram (/kg) to ₱4/kg by 2026.
See full article Manila Bulletin