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Mar 04, 2020 3:47 PM
MANILA, Philippines — The government is expecting rice prices to further dip at P34 per kilo this year, the National Economic and Development Authority (NEDA) said Wednesday.
NEDA Assistant Secretary Mercedita Sombilla said she is hoping for rice prices to decrease more than the six-year low recorded last month at P36.53 per kilo.
We are hoping that the retail prices of rice will still go down,” Sombilla said in a press briefing in Malacañang.
“It depends on how all of these things will work out. But we are hoping it will still go down to P34, P35,” she added.