Claim: BBM win already lowers rice prices
Rating: FALSE
This post, shared with us through our tipline, suggests that the lowered rice prices in Quezon City are due to BBM’s election as president. (https://www.facebook.com/100044902184754/posts/561002878739780/?d=n)
This is false.
Rice prices have been decreased in previous years, but the cause as cited by the government is the Rice Tariffication Law (RTL). (https://www.msn.com/…/rice-tariffication-law…/ar-AAXiD6H, https://pia.gov.ph/…/liberalized-rice-trading-lowers…)
Prices have been spotted falling in parts of the country in March, while rising in others (https://www.bworldonline.com/…/well-milled-rice-prices…/).
Rice has been on the price downtrend based on yearly averages since 2019. (https://www.msn.com/…/p20-per-kilo-of-rice…/ar-AAXAC9c)
But to force it to P20 a kilo, which was Marcos’s last-ditch election promise, is the final nail in the coffin for the more than two million rice farmers in the country.
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