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Jul 31, 2016 @ 11:21

Rice prices fall on adequate supply

MANILA, Philippines – Prices of milled rice declined by two percent in the first half largely due to adequate supply despite the negative effects of El Niño, according to the National Food Authority.

NFA administrator Tomas Escarez said the ample supply during the six months through June was “attributed to the output from the summer travel harvest from February to April, and the timely arrival of rice imports before the lean months of July to September.”

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