SINAG Advocates for Lower Rice Prices at P35-P40 per Kilo, Highlighting Global Market Discrepancies
In a recent statement, Jayson Cainglet, the executive director of the Samahang Industriya ng Agrikultura (SINAG), emphasized that Filipino consumers should experience a significant reduction in rice prices. This call to action is based on a notable 50% decline in global rice prices since 2024, a trend that has not been adequately reflected in the local market.
Current Rice Prices in the Philippines Versus Global Trends
According to Cainglet, if the Philippines were to follow the prevailing trends in the world market, the price of imported rice should ideally range from P35 to P40 per kilogram. However, the latest Bantay Presyo report from the Department of Agriculture reveals a different reality. In Metro Manila, regular milled rice is still priced between P40 and P46 per kilo, while premium white rice costs P50 to P59 per kilo, and glutinous rice exceeds P60 per kilo.
Government Initiatives and Ongoing Challenges
To address the burden on consumers, the government has launched the Benteng Bigas Meron (BBM) Na program. This initiative offers rice at P20 per kilo through Kadiwa outlets starting January 2026. Despite this effort, Cainglet points out that more comprehensive measures are needed to ensure that global price reductions translate into tangible benefits for local buyers.
Concerns Extend Beyond Rice to Fish Prices
Beyond rice, Cainglet highlighted the urgent need to monitor fish prices, particularly in Navotas City, a major landing site. He noted that the price of galunggong (round scad) has surged to P140–P180 per kilo. Cainglet warned that without proper oversight from authorities, some businesses might exploit this situation, leading to unfair pricing practices that further strain consumers.
Calls for Enhanced Monitoring and Regulation
Overall, SINAG is urging the government to intensify monitoring and regulatory efforts. The goal is to ensure that the decrease in global market prices is genuinely felt by consumers in the local marketplace. This applies not only to rice but also to other essential food products like fish, which are crucial for the daily diet of many Filipinos.
By strengthening these mechanisms, SINAG believes that the Philippines can better align its domestic prices with international trends, ultimately providing relief to households across the nation.
