NFA: Rice prices to drop by mid-March

Posted at 02/27/14 10:45 AM

MANILA, Philippines - The National Food Authority (NFA) says the price of rice is expected to go down by P2 to P4 starting mid-March to May due to the harvest season.

But it says prices may go up again during lean months or the rainy season.

The NFA is currently monitoring the prices of rice in Quezon City markets, after a price increase two weeks ago. - ANC