Because of the price cap, the farmgate price of palay could drop to as low as 16 pesos per kilo.<br /><br />It used to be purchased at around 25 pesos.<br /><br />Senior correspondent Lois Calderon followed the price trail from farm to retail.<br /> <br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines<br />
