NFA’s rice imports fail to curb price increases

RICE PRICES continued to go up in the first week of August despite government efforts to counter the upward pressure by increasing domestic supply with imports of the grain.

Farm gate prices of the country’s staple food inched up from the previous week, both for well-milled and regular-milled rice, with two more months before the end of the lean season, the Philippine Statistics Authority (PSA) reported.