Retail prices of rice lower in early February, says PSA

MANILA, Philippines — The average retail price of rice decreased in early February, even as farm-gate prices for palay or unmilled rice steadily increased. According to the Philippine Statistics Authority (PSA), the retail price of regular milled rice averaged P45.54 per kilogram in the Feb. 1-5 period. This was down 4.7 percent from P47.77 per