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Bantay Bigas Spokesperson Cathy Estavillo announced that the price of rice has increased by P2 per kilo due to the ongoing oil price hike in the country.
The price hike in rice hit P50 per bag when the price of oil first rose due to transportation expenses.
According to Estavillo, this is also an effect of the chronic agricultural products smuggling in the Philippines as well as rice importation.
Meanwhile, the former P38 per kilo of rice has reached P40 per kilo while rice with a different quality is P37 to P38 which is far from its previous quality.
Contributed by Jocel Laysa