THE GOVERNMENT’S move to slash tariffs on imported rice could bring down average retail prices by P6-P7 per kilo as early as July, the Department of Agriculture (DA) said on Wednesday.
“The potential price reduction will be between P6 and P7 per kilo… In a month’s time we can expect that the prices would drop,” Agriculture Assistant Secretary and Spokesperson Arnel V. De Mesa said in a virtual briefing.
He said consumers could see the drop in retail prices of imported rice by July or August, noting that it takes around two to three weeks for imports to arrive in the country.
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