D.A., positibong bababa na ang presyo ng bigas sa Agosto matapos aprubahan ng NEDA ang rekomendasyong bawasan ang taripa sa inaangkat na bigas
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00:00Good evening, Filipino people. We hope that the price of rice will start to fall in the coming August.
00:08This was approved by the National Economic and Development Authority.
00:12The recommendation is to reduce the price of rice being imported.
00:17Senate President Chief Escudero is positive that reducing the price of rice will help in reducing the price of goods.
00:25That is what Clayzel Pardilla said.
00:29What we do is half a kilo of rice, half a kilo of rice, so that we can survive.
00:40That is how Richie budgets for rice. His income is just enough as a tricycle driver.
00:46In the price monitoring of the Department of Agriculture, each kilo of imported rice plays at P49 to P65.
00:56P45 is the cheapest in the local market, while P66 is the most expensive.
01:03Some businessmen can no longer afford the high price.
01:07Before, we can buy one sack of rice. Now, it's just a few.
01:12Before, you can buy 10 sacks of rice. Now, you can buy 7 sacks of rice.
01:18The price is too high. The price of rice is increasing. The price of rice is decreasing.
01:23In order to lower the price of rice, the National Economic and Development Authority approved the recommendation
01:31to reduce the price of imported rice.
01:34From 35 percent, P15 was increased to 15 percent.
01:41According to the DA, the price of imported rice will be reduced by P6 to P7.
01:48The DA is hopeful that the decision to substantially reduce the duties on imported rice
01:55will drive down the obvious retail prices of our rice.
02:01The rice from Vietnam will arrive two to three weeks before us.
02:07We can expect it to arrive by August.
02:10However, a few groups of rice farmers did not go through the consultation.
02:17They are afraid that the price of rice will drop.
02:21Surely, the rice from imported rice will also be reduced,
02:26which is used as an aid for the farmers.
02:30Our estimate is that the price of rice can go down by about P4 to P5 per kilo
02:37because of this tariff reduction on rice.
02:42Surely, the price of rice will go down because of the effect of imported rice.
02:48However, there is no assurance that the price of rice will go down
02:52because the difference between importers and traders is increasing.
02:59But they never look at what will happen to farmers.
03:02Senator Aimee Marcos also insisted on the reduction of tariffs.
03:06She is sure that the markets will be affected by imported rice.
03:10She said that the price of imported rice will not go down.
03:13Senate President Cheese Escudero is positive that this will help
03:18to reduce the rapid increase of the price of goods in the country.
03:22I agree because the biggest reason why inflation is increasing in our country,
03:28is to increase the price of food and to increase the price of rice.
03:35If we can reduce this, it will have a big positive effect on our economy.
03:40He said that the price of rice is going down because of the rapid increase in the market.
03:44That is why the Philippine Statistics Authority said so.
03:48We would be expecting reduction in the price of rice, reduction in the rice inflation.
03:52Kalei Zalpordilia for Pambansang TV in the new Philippines.