Rice: ‘Higher prices’ expected in December

CEBU CITY, Philippines – An increase in rice prices is expected in the holiday season, the president of Cebu Market Vendors Cooperative (CEMVEDCO) said. Traditionally, rice prices tend to decrease starting from the second week of September due to the harvest season. However, contrary to expectations, prices have increased. READ: Presyo Merkado: Current prices of food in Metro Cebu markets Erwin Goc-ong, president of CEMVEDCO, said that during a typical season, a sack of rice, particularly one of the premium varieties of rice, ganador, cost 2,250 pesos as a retail price in July. In August, it rose to 2,650 pesos. Currently, a sack of rice is sold from to 3,020 pesos to 3,050 pesos. “Ang sulti sa mga traders, katong…