Rice prices in Bohol rise by up to P5

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Rice prices in Bohol rise by up to P5

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Prices of rice in Bohol have been on an uptrend since last week reaching an increase of up to P5, said the National Food Authority (NFA) in the province.

According to NFA Bohol manager Ping Evasco, premium variety rice prices increased to up to P5 per kilo while regular and well-milled prices went up by P2 to P3.

Based on a survey made by the NFA, premium variety was sold at around P43 per kilo last week but now at P48.

Regular and well-milled rice varieties are now being sold at P40 per kilo from the P37 per kilo last week, said Evasco.

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However, the NFA official downplayed the increase as “normal” due to the start of the planting season as lesser supply has forced prices to slightly increase.

The public need not fret over the rise in prices as this will not last long and will normalize soon, said Evasco.

Meanwhile, NFA rice prices stagnated at P27 per kilo for regular and P32 per kilo for well-milled, she added.

According to Evasco, purchase of NFA rice has recently increased as more people are buying their product particularly due to its improved quality.

Some of the NFA’s rice supply in Bohol were imported from Vietnam, she said. (Allen Doydora)

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