Price ceiling sa presyo ng bigas, epektibo na sa Sept. 5, 2023 | 24 Oras Weekend - video Dailymotion

GMA Integrated News

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Transcript

00:00 In the past few days, rice should be cheaper in the markets because of the President's price cap.

00:05 But the NEDA thinks that the price of rice is too high.

00:08 There are some who are complaining and saying that the effect of El Nino is not enough, so the supply is not enough.

00:13 J.P. Soriano is on the scene.

00:15 Effective on Tuesday, September 5,

00:21 Executive Order No. 39 of President Bongbong Marcos

00:25 that establishes a mandated price ceiling or price cap on rice.

00:30 Pesos 41 per kilo of regular milled rice and Pesos 45 per kilo of well-milled rice.

00:36 But in Mega Q Mart in Quezon City,

00:38 the price of rice is more than Pesos 50 to Pesos 70.

00:43 If before, if I buy, for example,

00:46 a sack, it became half, it became 10 kilos, it became 5 kilos.

00:50 Now, sometimes I only buy 2 kilos.

00:52 Maybe by Monday, we can follow that price because a supplier called us

00:58 and made a sacrifice to meet that 45.

01:03 It's a sacrifice, we are also a sacrifice.

01:05 But the Philippine Chamber of Agriculture and Food Incorporated said

01:09 that it is certain that small businessmen will have problems in selling rice in the market.

01:17 It is also harmful to the income of farmers, especially when the harvest is near.

01:23 The possible result of that is that the rice will be lost in the market.

01:29 It is really mandatory to reduce the purchase of rice from farmers.

01:35 So that they will not be confused and be surprised by rice stores,

01:39 the DILG, MMDA and officials of various LGUs helped

01:45 to ensure that the EO39 will be implemented.

01:49 To our employees of City Hall in the market, our market masters,

01:54 according to the law, this is the Price Act of Republic Act No. 7581,

02:01 that they should help and they should not make a mistake.

02:08 The government will issue a P-CAPI until the price ceiling or price cap is 2 months.

02:15 This is only temporary and as soon as the price stabilizes

02:19 and our harvest season comes, we will remove this.

02:25 DTI said that the real target of the President's order

02:29 is to find the rice hoarders or those who are holding rice supplies.

02:34 In addition, the price of rice in the past few weeks

02:39 is an indication that there are people who are using the El Nino effect

02:45 to show that the supply is not enough even if it's not happening.

02:50 For GMA Integrated News, JP Soriano.

02:54 Tune in for 24 hours.

02:57 [Native language]

Price ceiling sa presyo ng bigas, epektibo na sa Sept. 5, 2023 | 24 Oras Weekend

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