Cebu Rice Prices Surge Amid Supply Shortage
Rice prices in Cebu have increased by as much as P500 per sack since August, driven by a combination of supply disruptions, weather-related damage to crops, and heightened demand from bulk buyers, according to industry representatives. The sharp rise in prices has raised concerns among retailers and consumers, particularly low-income households that rely heavily on rice as a staple food. The situation has also highlighted vulnerabilities in the country’s rice […]