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NewsTranscript
00:00For those who will buy rice today, the most expensive imported rice that you can buy in Metro Manila should be P55 per kilo according to the order of the Department of Agriculture.
00:17Some stores in Pasig Mega Market are also following suit. The local price of rice there is from P42 to P64 per kilo. It still depends on the type.
00:30In other parts of the country, the P55 maximum SRP will be implemented starting on February 15. According to the VA, their target is to lower the maximum SRP of imported rice to P49 per kilo in the coming weeks.
00:47According to the Ministry of Agriculture, the price of rice in the local market is now lower. Now, rice is cheaper in the international market and the price of imported rice is also lower.