Mindanao rice prices stable, NFA says


Posted at Jun 16 2017 04:20 PM

MANILA - Rice prices in Mindanao are stable, the National Food Authority said Friday, as fighting between government forces and Islamic State-inspired extremists dragged on for nearly a month.

The NFA said it was also considering deploying rolling stores to serve Marawi residents displaced by the fighting. Businessmen who impose "irrational" prices could be arrested, it added.

The agency said its monitoring team observed rice prices increased by P1 to P2 per kilogram, contrary to allegations that the staple grain was being sold for as high as P225 per kilogram or P5,000 per sack.

Nearly 10,000 bags of rice have been released for relief operations, the NFA said.