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Philippines maintains cheapest price of subsidized rice in Asia
- Article from:
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Xinhua News Agency
- Article date:
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July 14, 2008
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Copyright informationCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Philippines maintains cheapest price of subsidized rice in Asia
MANILA, July 14 (Xinhua) -- As the world food prices continue to
rise, the price of rice in the Philippines is still cheaper compared
to other nations in Asia, Philippine President Gloria Macapagal-
Arroyo said on Monday.
She said that in Thailand the price of rice is 56 pesos (1.23 U.
S. dollars) per kilo, while in Vietnam it is 67 pesos (1.47
dollars). Thailand and Vietnam are the sources of the country's
imported rice which is now being sold at 18.25 pesos (0.40 dollars)
and 25 pesos (0.547 dollars) per kilo by the National Food Authority
(NFA).
Currently, the commercial rice is sold in the market from 35 to
40 pesos (0.77 ...