ASEANEWS | Paper Edition Headlines-MANILA- P20 per kilo rice possible as early as 2023 – DAR

June 7, 2022June 7, 2022 Contributor 0 Comment

CHEAPER STAPLE Bringing down the price of rice, which costs at least P34 a kilo in this stall at Marikina City public market, is among the challenges that the incoming Marcos administration must hurdle. —GRIG C. MONTEGRANDE

MANILA, Philippines — The Department of Agrarian Reform (DAR) has crafted a strategy to realize President-elect Ferdinand Marcos Jr.’s goal of selling rice to consumers at much cheaper prices than the current average of P39 a kilo.

During the campaign, Marcos Jr. vowed to bring down the price of rice to P20 a kilo, which agricultural stakeholders claimed was impossible because the cost of producing, marketing and shipping the staple alone has substantially increased.

But Agrarian Reform Secretary Bernie Cruz on Monday said it was possible for consumers to buy a kilo of rice at P20 as early as next year.

“Once we discuss the details with the president-elect, we will have the guidelines within the next six months. Perhaps we’ll be able to achieve this within the first quarter of next year,” Cruz said in a mix of Filipino and English during a press briefing on Monday.

READ MORE: https://aseanews.net/2022/06/07/headline-manila-p20-per-kilo-rice-possible-as-early-as-2023-dar/

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