Author Topic: Spike of Rice Price in Bohol  (Read 810 times)

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Spike of Rice Price in Bohol
« on: January 18, 2009, 11:40:31 AM »
A spike in prices of rice hit local markets the past weeks even as officials assure of an abundant supply for the entire province.

Monitoring done by Station dyRD showed an increase of P2 per kilo to as high as P6 per kilo in all rice varieties sold in public markets.

Commercial rice such as those sold at P26 and P28 per kilo are now priced at P29 and P34, respectively. The premium variety is sold at P37 to P40 in the market from a per kilo price of P34 a few weeks ago. Fancy rice are sold at P42 to P46 per kilo.

Weekly increases were attributed by retailers to a decline of supply.
Early last week, the National Food Authority (NFA) Bohol allayed fears that the prices of rice will increase to as much as last year at the height of a nationwide supply shortage.

NFA-Bohol assistant manager Ma. Fe Evasco said that the current increase in the prices of rice is normal at this time of the year when supply from the last harvest season has already been consumed.

 â€œThere is no reason for the public to resort to panic-buying or hoarding, this increase is temporary,” Evasco stressed saying irrigated ricelands in the province will start harvesting soon.
Gov. Erico Aumentado have announced late last year of a big increase in rice production which improved the province’s rice sufficiency level to 113% from only 82%.

This year, Bohol is expected to yield 115,473 metric tons of palay, according to data provided by the Bohol Agricultural Promotion Center (BAPC). The harvest will further go up to 122,931 metric tons in 2010.

According to BAPC head Engr. Eugene Cahiles, rice consumption in the province is around an average of 107,140 metric tons and will increase to 108,275 metric tons this year.

Evasco explained that rice prices increase during the months of January and February but will start to drop when harvests boost the local supply.

Retail prices of commercial rice varieties range from P27 per kilo for regular milled (ordinary), P28 to P30 per kilo for the well-milled, P31 to P37 per kilo for premium variety and P42 to P46 per kilo for fancy rice.

The NFA sells the government subsidized premium rice variety at P30 per kilo which is 15% broken and P35 for the 5% broken premium variety.

The NFA’s highly subsidized rice is still sold at P18.25 per kilo which is available only at Tindahan Natin outlets intended for its identified beneficiaries.

source: The Bohol Chronicle

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Re: Spike of Rice Price in Bohol
« Reply #1 on: January 20, 2009, 08:30:49 AM »
Nothing to worry on the
reported rice shortage
 
THERE is nothing to worry despite the noted rise in rice market price.

Assuring Boholano listeners at the weekly Kapihan sa PIA, two of Bohol’s key rice industry observers said Bohol in fact has enough stockpile of rice when it raised its sufficiency level from 86% to about 110% in the last cropping season.

Bohol Agricultural Promotion Center Manager Engr. Eugene Cahiles in fact said he is still positive that this cropping season would be generally good for Bohol.

Citing available data from his office, Engr Cahiles said Bohol has released about 25,000 bags of hybrid and certified rice the whole year, but in the single cropping season in November of last year, they have released 22,000 bags.

“Barring any abnormal situation, we are expecting a good harvest and it should even raise our sufficiency level much higher,” Cahiles said.

With an average farm production of about 3.5 tons per hectare, the 22,000 bags would be yielding roughly 66,000 tons for this cropping season alone.

Meanwhile, National Food Authority assistant manager Ma. Fe Evasco bared that the rise in prices is still within normal limits, citing that the buying price is 17 per kilo and a trader would have to spend for the processing.

At P17.00 a kilo, a trader would have to sell it at P34.00 a kilo, but the prices at the markets are still below P30, she pointed out.

Well, maybe the dwindling stockpile brought about by the beginning of the planting season has caused it, Evasco said, referring to the price increase.

But, we are still seeing harvests ongoing, a fact that happened with the non-synchronized planting season in Bohol.

Last week, the country’s International Rice Research Institute speculated another round of rice crisis owing to the credit crunch that could be the effect of the global economic meltdown.

But with the full support of the government through the Department of Agriculture, Engr. Cahiles believes a rice shortage in Bohol is far from reality.

We still have a pending rice shipment ban as effected by the governor’s executive order, Cahiles said. 

Aside from that, we are still buying rice from Mindanao, plus the regular NFA rice shipment is still in effect, so a rice shortage in Bohol is far off, he assured.


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Re: Spike of Rice Price in Bohol
« Reply #2 on: January 21, 2009, 04:13:42 AM »
This will only naturally occur, considering the rising population. Demand of the resource will only manifest.

Of course, to augment the demand, production of rice by rice-producing countries (The US, Thailand, the Philippines, China, India etc) will occur.

Now, we have a predicament here.

Rice paddies and rice plant produces methane gas. Methane, is also a green house gas.

This is a predicament debated within the environmental science forum as we speak. Do we acquiesce to the demands of the rising population and increase rice output and allow the production of methane (in response) OR do we ignore the demand for increased rice production to minimize and check methane levels in the atmosphere?



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Re: Spike of Rice Price in Bohol
« Reply #3 on: January 21, 2009, 12:40:40 PM »
another cause of shortage is the conversion of agricultural lands for residential and commercial uses.

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