https://vm.papepritz.com/0wxdlt6fwnp9b1hvoczrdxzsmi CV NORTHERN STAR: October 2020

Saturday, October 31, 2020

Harvested crops Price Fall

 



Solano, Nueva Vizcaya 8/30/2020, in an interview yesterday with Luisa Carub who had a business of Palay Buying Station and a Rice Miller here at her office in Barangay Roxas Solano, Nueva Vizcaya, that the crops price fall because of the influx of imported rice into the country 

Price instability depends on the law of demand, The law of demand states that other factors being constant, price, and quantity demand of any goods and services are inversely related to each other. When the price of a product increases, the demand for the same product will fall. Carub believes that she helps to uplift the lives of the farmers in one way or another by buying their harvested crops at a reasonable price because she is also a farmer herself, so she sees what their importance as a farmer.