The Department of Agriculture will impose a suggested retail price of P53 per kilo for local rice after reaching a deal with industry stakeholders.

Reported by AI

The Department of Agriculture is intensifying market interventions as palay prices weaken in several major rice-producing provinces, with the main harvest season nearing completion. About 77 percent of the national harvest is already in. The National Food Authority is raising its buying price to counter the decline.

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Decline