Farmers of this town where the rice harvest has just begun are complaining of a sharp drop in the prices of palay.
During a “field day” hosted by SL Agritech to promote the China-produced SL8 variety in Munoz, this town last March 25, farmer Jolly Anquillano lamented that last week when he sold palay, the price was P15 per kilo, but when he sold palay again last March 24, the price was down to P13.50.
He said he was able to sell his palay at that price only because he agreed to take payment after two weeks. For those who wanted to be paid immediately, the price was only P13, he said.
He reported that last March 25, the cash price further dipped to P12.50.
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