MANILA – Prices of commercial rice in Zamboanga City fell after the National Food Authority increased the supply of low-priced rice in the market to 4,000 from 2,000 bags per day, an official said Friday.
Based on the price monitoring team, commercial rice worth P48 per kilo is now available from a high of P70, the NFA said in a statement.
Supply was increased "as a quick response to help resolve the skyrocketing of rice prices in the city," the statement said.
"We shall continue to inject the low-priced rice not only in Zamboanga City but all over the country especially in island provinces and calamity-prone areas to provide our consumers a reprieve and alternative for the highly priced commercial rice," NFA administrator Jason Aquino said.
Zamboanga City Mayor Maria Isabelle Climaco-Salazar earlier said the lack of supply caused rice prices to surge up to P72 per kilo in August, the basis for declaring a state of calamity.
The agency said it "stepped up" its rice distribution activities to make the P27 per kilo NFA rice available to the marginalized sector.