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Back in 2014, dry palay was sold at P20 per kilo, while the production cost was at P12.
Cathy Estavillo, spokesperson for the National Food Authority’s Bantay Bigas, which monitors rice prices, said the price of palay ranged from P19 to P21 per kilo in some parts of the country.
Source: https://cebudailynews.inquirer.net/513496/p40-wage-hike-not-enough-to-buy-a-kilo-of-rice-solon
President Marcos had also ordered the NFA to buy palay from farmers at a higher farmgate price for them to enjoy higher income, while also selling rice in the market at a lower price.
Source: https://newsinfo.inquirer.net/1851424/cebu-to-sell-nfa-rice-at-p20-kilo-soon-gov-gwen-garcia
The government has introduced different interventions to provide financial and technical assistance and distribute farm machines to palay producers in the hopes of improving farmers’ income and productivity.
Source: https://newsinfo.inquirer.net/1869116/rice-processing-centers-seen-to-slash-grain-prices
The National Food Authority (NFA) led by President Ferdinand R. Marcos Jr. will start buying palay or unhusked rice at a maximum price of P23 per kilo amid the ongoing harvest season to help boost farmers’ income.