Bulacan Rice Farmers Struggle as Prices Plummet

Rice Farmers in Bulacan Face Hardship Amidst Low Prices San Miguel, Bulacan—Rice farmers in San Miguel, Bulacan, are struggling due to drastically low prices offered by traders for their harvest. The price is significantly lower than the cost of production, leaving many farmers facing substantial financial losses. News5's report reveals that traders are currently offering ₱11.50 to ₱12 per kilo, far below the expected ₱18, and some even report prices as low as ₱20. "We are deeply worried," says one farmer interviewed in the News5 report. "The low prices mean we can barely cover our expenses, let alone make a profit." The situation is further aggravated by the fact that NFA warehouses are full, preventing them from buying the excess rice. NFA Administrator Larry Laxon assures that they are working with affected farmers. "We are committed to finding a solution and ensuring that our farmers receive a fair price for their hard work." The NFA is purchasing fresh palay at ₱18 per kilo and ₱24 for dried palay. The News5 report underscores the urgent need for a sustainable solution to support the rice farmers and ensure their livelihoods are protected. The government's intervention is crucial to stabilize prices and prevent further hardship for this vital sector of the Philippine economy.