FILIPINO farmers continued to worry over plummeting prices of palay (unhusked rice) which they believe would persist in the next planting season starting September.
While latest data from the Philippine Statistics Authority (PSA) showed that the national average farmgate price of palay slightly increased to P17.88 per kilo in late June, or by 0.2 percent from its previous week’s level of P17.85 per kilo, farmers complained palay stayed at P14 per kilo and has even reached to as low as P12 per kilo in some provinces.
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