March 9, 2025 | 12:58 GMT +7
March 9, 2025 | 12:58 GMT +7
Hotline: 0913.378.918
Speaking at the Bagong Pilipinas Ngayon public briefing, Laurel said it is difficult to estimate how much rice would cost in the coming months due to India’s export ban.
“Ang problema sa rice industry of the world, while bumaba na nang kaunti ang presyo world market price ng bigas iyong bansang India ay mayroon pa rin silang export ban sa mundo ng bigas. So, until itong export ban nila is ma-lift, I think prices should not get dropped considerably,” said Laurel.
(The problem with the world rice industry is that while rice’s world market prices have decreased a bit, India is still imposing an export ban. So until this ban is lifted, I think prices should not drop considerably.)
Laurel said that while the harvest season is ongoing, rice traders are buying palay at high prices.
“I don’t expect na bumaba kaagad ang presyo ng bigas until June or July this year,” said Laurel.
(I don’t expect that prices of rice will go down until June or July this year.)
From March 25 to 27, the price of rice ranges from P49.60 to P60.38 per kilo, according to the Department of Agriculture’s price monitor.
(newsinfo.inquirer)
(VAN) Experts warn the price of groceries may rise because of the tariffs imposed Tuesday on Canada, Mexico and China, but before the produce lands on shelves, farmers will be affected first.
(VAN) Survey results involving nearly 28,400 samples from 95 countries across the globe have found an increasing rise in mycotoxins last year.
(VAN) Pepper prices on March 5, 2025, continue to rise in Indonesia. Domestic pepper prices have increased by VND 200 - VND 1,000.
(VAN) Coffee prices on March 5, 2025, continue to rise. Domestic coffee prices have surged by another VND 2,000, trading around VND 133,000 - VND 135,100/kg.
(VAN) Coffee prices on March 4, 2025, have surged sharply. Currently, domestic coffee prices have risen by VND 3,000, trading around VND 131,000 - 133,000/kg.
(VAN) Pepper prices on March 4, 2025, is rising sharply in Indonesia. Domestic pepper price increased slightly by VND 200 in Dak Lak.
(VAN) Pepper prices on March 3, 2025, remain unchanged globally. Currently, domestic pepper prices continue to trade around VND 157,000 - 159,000/kg.