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Economy

Price of regular-milled rice falls in seven key regional centers  

THE AVERAGE price of regular-milled rice fell in seven areas subject to price monitoring during the first week of May, according to the Philippine Statistics Authority (PSA).

The PSA said, the biggest adjustment to prices was recorded in Legazpi City where the grain fetched P1.25 less at P35.20 per kilogram (/kg) compared with the previous monitoring period in mid-April.

Other areas that recorded lower prices were Tuguegarao City (P31.50/kg), Calapan City (P35/kg), Cagayan de Oro City (P39.50/kg), Digos City (P36/kg), Butuan City (P36.43/kg), and Cotabato City (P35.35/kg).

Meanwhile, the PSA said prices rose the most in Cebu City, with an increase of P2.75, to P42.45/kg.

The price of regular-milled rice in the National Capital Region (NCR) during the period rose 14 centavos to P38.24/kg.

Lean pork saw price increases in the NCR, to P363.33/kg from P361.11/kg previously; Legazpi City to P345/kg from P340/kg; Baguio City to P342/kg; and Cagayan de Oro City to P290/kg from P285/kg.

The PSA said the price of galunggong, or round scad, dropped in Baguio City (P200/kg), Tuguegarao City (P190/kg), Batangas City (P180/kg), Digos City (P180/kg); and Kidapawan City (P170/kg).

The price of galunggong rose in Cagayan de Oro City to P190/kg, Calapan City P250/kg, Tacloban City P200/kg, and NCR P216.44/kg.

“Declines in the average retail prices of a kilogram of red onion, ranging from P1.78 to P20, were registered in six regional centers during the period,” PSA said. — Revin Mikhael D. Ochave 

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