P6 per kilogram increase in rice prices feared

MANILA, Philippines --- Filipinos may find it even more difficult to make ends meet as rice prices may increase by as much as P6 per kilogram by the end of this year due mainly to the rising cost of production that could, in turn, dissuade farmers from planting the staple. This prompted the Department of Agriculture (DA) to seek more support for farmers such as fertilizer subsidies to immediately bring down the cost of producing rice and address the projected decline in the output of palay or unhusked rice. "If production declines this main wet season due to high fertilizer and petrol prices, and global rice price rise, we will see significant increases in rice prices by the en...

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