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the clrop in paiay farm-gate priies. for unhusked rice was 20.85 percent lower
DSW'D... "Congress can throw a lifeline to the than the quotation of nearlyP20perkglast
CoNTINUaD FtoMAl2 country's beleaguered rice farmers by te- year, data from the PSA showed.
' versing the continuetl plunge in farm-gate HistoricalPSAdatashowedthattheav-
"The administration's goal of eradicat- prices of palay' by way of a measure that erage farm-gate price of palay is still the
ing extreme poverty in the country by would let government buy this year a siz- lowest in eight years owing to the det{i-
2040, and lowering poverty incidence to able volume of the grain from local growers mental effe-cts ofhigher rice imports.
just 11 percent by 2022 wo',id get a sig' foruse in the multibillion-peso annual rice On an annual basis, the average farm-
nificant boost if rural incomes go up by subsidyprogram for low-income families," gateprice of palayin 2019 settledatP16.20
way of higher farm-gate prices of palay, said Villafuerte. per kg, 20 percent lower than the average
given that mostFilipinos livingbelow the As the retail prices ofdce continued to quotation of P2O.2O per kg in 2018, the
poverty line live in the countryside," he fall, the average farm-gate price of paddy PSA said in a separate report.
said in a statement. posted a qurnaround in the first week of Also, the average palay price last year
He added that both committees at both Januarn rising by 1.02 percent to P15.79 was the lowest in eight years as its pre-
chambers of Congress should fast-track per kilograms, from P15.63 per kg in the vious average price of P16.20 per kg was I
the passage of the bill to help local grow- last week of December. recorded in 2012, according to historical i
ers recover the losses theyincurred due to However, the latest average buyingprice PSA data.
P+a 4lz