Congress think tank: Rice prices projected to surge by up to 19.4%

THE PRICE of regular-milled rice in the Philippines could increase by between 9.1% and 19.4%, equivalent to about P5-P10.6 per kilo, due to the fertilizer shortage, according to a policy brief released by the Congressional Policy and Budget Research Department (CPBRD) of the House of Representatives. The brief, “Seeds of a Food Crisis: Fertilizer Supply […]