Economy
Philippines Boosts Palay Buying Price to P30/kg, Farmers May Earn Up to P8/kg Profit
The Philippines' National Food Authority (NFA) has raised its buying price for palay (unhusked rice) to P30 per kilogram, aiming to ensure farmers can earn up to P8 per kilogram in profit after production costs. The move seeks to boost farmer incomes, though its broader market influence is also being discussed.
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