Rice price points to unstable supply

SEN. Loren Legarda remains unconvinced with claims of the Department of Agriculture (DA) and the national Food Authority (NFA) that rice prices would stabilize after the country’s lean season as she demanded explanation from the agencies why rice prices remains high.

Legarda noted that despite of assertion last week of NFA Administrator Orlan Calayag, that the NFA inventory is bigger this year compared to the same period last year, and there is no shortage, she has yet to see positive changes on rice prices.