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NewsTranscript
00:00Igan, the Department of Agriculture is studying the implementation of the Maximum Suggested Retail Price on Imported Garlic, a favorite area of vendors.
00:10Live from Quezon City, we have the first news, James Agustin. James.
00:19Good morning. The vendors who sell vegetables here in Quezon City said that if the government implements the Maximum Suggested Retail Price or MSRP
00:29on imported garlic, they are ready to follow it as long as they lower the price they get from their suppliers.
00:35They have other expenses, such as the cost of their jobs and employees.
00:44The retail price of garlic per kilo is P130 per kilo in Bagsakan ng Gulay in Juliana Market in Quezon City.
00:50It is cheaper if they buy wholesale or P5.8 per kilo in a bundle.
00:55The price is P620 per bundle or P106.89 per kilo.
01:03In terms of storage, P580 per kilo is what we get in a bundle, which is P5.8 per kilo.
01:11We can save P100 per kilo.
01:14The retail price here is P130 per kilo because we are still cleaning it.
01:19There are still rejects, people are still working, and there are still payments.
01:24Glenn also sells garlic per kilo in his place.
01:28This price has been like this since December and it hasn't moved for months.
01:32What we get from the supplier is also high.
01:36That's why we lower the price a little so that it will be like this, P130.
01:41Because everyday, the cost of the place that you are chasing, there are no people everyday.
01:49The Department of Agriculture will persuade importers to know why the price of imported garlic is high.
01:56If the price continues to rise, it is possible that the maximum suggested retail price or MSRP will be fulfilled.
02:03Of course, we want everything to go according to the agreement.
02:06So that we won't put MSRP, we won't reach there.
02:11If they are okay with it, we will do it.
02:14The agency thinks that the price should be around P100 to P110 per kilo in the market.
02:20The sellers said that this price is possible, but...
02:24If we lower the price of the storage, it is possible.
02:29For those who want to lower the price, because it is really high right now.
02:36It is possible, but I hope that the supplier will lower the price and adjust.
02:40The supplier should adjust so that we can stabilize the price of garlic for P110 per kilo.
02:48In Bagsakan, vegetables are also going to importers because it is cheaper there.
02:52Just like Nelson who has a place in the Litex market.
02:55He said that he will sell garlic for P130 per kilo.
02:58While Christopher is selling garlic for P150 per kilo in Project 6.
03:03They are in favor if there will be an MSRP for imported garlic.
03:07It's okay because people are complaining that the prices are too high.
03:13That's why we won't raise the price.
03:15The price of vegetables depends on what we earn or not.
03:24We want to lower the price so that we can sell it at a lower price.
03:27Of course, that's how it is.
03:29If it's expensive, we will sell it at a higher price.
03:37While the price of garlic is high,
03:40the price of onions is going down.
03:45It can be bought for P75 to P80 per kilo.
03:49That is the first news from Quezon City.
03:51I am James Agustin for GMA Integrated News.
04:10Transcription by ESO. Translation by —