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NewsTranscript
00:00 Not only did the price of canned goods, noodles and milk increase, which is expected to be heavy in the pocket this 2024.
00:06 Even now, the price of rice is already high and it's possible that it will increase according to a group.
00:12 Bernadette Reyes was on the news.
00:14 After the successive expenses of the holiday season, there is an additional expense when the new year just started.
00:25 The price of well-milled rice increased by 2 pesos per kilo imported from the local market, according to the Sama Ingustria na Agrikultura.
00:33 According to the Department of Agriculture, the price of well-milled rice in Metro Manila is now at 40 to 55 pesos.
00:42 According to the Sinag, it could increase by 2 pesos in the next two weeks
00:48 because the price in the world market is still high, where the Philippines is getting additional supply.
00:55 It's now at $620 per metric ton because of the El Nino.
01:05 There is an imported rice, but the problem is that the price is still high in the international market.
01:11 So we cannot expect that the price will really drop.
01:17 So hopefully, the price we get from other sources will be low.
01:22 For now, we need to secure the supply.
01:25 We know that El Nino will also be available, so there will be additional challenge in our level of productivity.
01:32 Canned sardines, canned meat, instant noodles, milk, coffee, bottled water, salt and sauces are getting more expensive.
01:42 Depending on the product and weight, the price of some manufacturers is fluctuating from 25 centavos to more than 7 pesos.
01:51 There is also a high price for Pinoy tasty and Pinoy pandesal, including candles, batteries and soap.
01:57 According to DTI, in 2023, the manufacturers filed a high price, but they are talking about excluding it.
02:06 At present, DTI is negotiating with manufacturers on how to earn in the middle.
02:16 But in 2024, manufacturers will not be able to stop the prices because they will be affected by the prices of the products.
02:25 The price will be fluctuating, but the high price is heavy for those who will buy and small businesses.
02:32 My husband and I are looking for a job.
02:34 We will only remove the products that should not be used.
02:41 We will add a little bit because the price of the products will increase.
02:45 According to the Department of Trade and Industries, out of more than 200 products on the list of basic necessities and prime commodities,
02:53 only 63 are increasing the price adjustment.
02:56 Not all of them will be approved in the bull market this January.
03:00 Those who filed first, of course, are those who filed in 2022 and early 2023.
03:07 Those will be the first to be released by DTI.
03:10 I hope our consumers will not worry because DTI is also thinking about the pacing,
03:19 the timing to roll out the approvals.
03:22 For GMA Integrated News, Bernadette Reyes, Nakatuto 24 Hours.
03:28 [♪♪]