Claim: BBM win already lowers rice prices
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.