Maximum suggested retail price sa imported na bigas, bababa pa sa P55/kg simula bukas
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NewsTranscript
00:00The Department of Agriculture announced a reduction of the maximum suggested retail price of imported rice from tomorrow to P55.
00:09The details are reported by Vell Custodio of PTV Manila.
00:15The maximum suggested retail price of imported rice from the previous P58 MSRP will be reduced to P55 from tomorrow.
00:24According to the Department of Agriculture, this step is important to reduce food price inflation
00:29particularly to basic commodities like rice.
00:32The target agency is to reduce the MSRP of imported rice to P49 from March.
00:38The price of local rice is also decreasing in the markets.
00:41The trend of prices for the supplier is decreasing especially for local rice
00:47because they are trying to get rid of their old stocks.
00:52The premium rice is just playing at P49 to P56 per kilo
00:56while the well-milled rice is P47 in the commonwealth market.
01:00According to the seller, the price of imported rice is stable since January.
01:04Meanwhile, the National Food Security Emergency on Rice was declared yesterday by the Department of Agriculture.
01:10This is to release the buffer rice stock to the National Food Authority
01:14and to make the price and supply of rice stable.
01:16NFA rice can be purchased from Kadiwa Centers, local government offices, and other government agencies.
01:23The effort of the Ministry of Agriculture to reduce the price of basic commodities
01:27is in accordance with the Directive of President Ferdinand R. Marcos, Jr. for Food Security.
01:32From People's Television Network, Vel Custodio, Balitang Pambansa.