Ilang rice retailer, pinag-iisipang huwag munang magbenta ng bigas | Saksi - video Dailymotion

GMA Integrated News

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00:00 As the price cap on rice is about to be implemented, retailers are worried that it will be a loss.

00:07 That's why they are thinking of not selling first.

00:10 The government will provide assistance to the affected retailers.

00:14 Watch this.

00:16 The price ceiling on rice will be implemented the next day.

00:22 The price of regular rice is up to Php 41 per kilo and Php 45 for well-milled rice.

00:27 It will also help them choose.

00:30 If there is Php 41, we can buy more because rice is really important.

00:36 The government's program is supported by the Grains Retailer Confederation of the Philippines but...

00:41 The apprehensions that it will be a big loss for them because they already have existing stocks

00:49 that have a high price when they buy those stocks.

00:54 Retailers are asking for a little discount.

00:58 They are asking for a little time to sell their existing stocks.

01:02 Some retailers said that if the government wants to sell regular milled rice for Php 41,

01:08 they should be able to get a supply of Php 1,950 per kilo, but the supply is now Php 2,250.

01:19 It's possible that we can get cheap rice.

01:22 That's why some rice retailers are thinking of not selling rice.

01:26 In the Commonwealth Market, regular and well-milled rice is no longer sold.

01:30 Only premium grade local rice is sold for Php 55 to 57 per kilo.

01:35 According to President Bongbong Marcos, the price cap is temporary.

01:38 He said that he doesn't want the free flow of the market to be affected but...

01:43 The price of rice is now over Php 50 per kilo. The reason for this is smugglers and hoarders are there.

01:55 If it's true, Bantay Bigas said that the price of rice should be Php 36 per kilo

02:00 because it was from March 6 to May when the price was only Php 12 to 16 per kilo.

02:06 Rice retailers are saddened by the price increase instead of rice cartels that are manipulating the price.

02:12 The government should really break the rice cartel.

02:15 According to the President, smugglers and hoarders are still after Bigas.

02:19 On the second week of September, the supply is expected to be good.

02:23 While it's not there yet, he said that he will get help from retailers who will be affected by the price cap.

02:28 Our DTI, our Department of Agriculture, is making a list of our rice retailers.

02:38 We are also calculating the losses of rice retailers. We will give them help, equal help.

02:48 House Speaker Martin Romualdez ordered the House Committee on Appropriations to find out where they can get the Php 2 billion in fund for rice retailers.

02:58 We are just small businessmen. We are just looking for a livelihood.

03:04 For GMA Integrated News, I'm Mackie Pulido, your witness.

03:09 Kapusos, let's be witnesses together.

03:12 Subscribe to GMA Integrated News on YouTube.

03:15 For Kapusos abroad, join us on GMA Pinoy TV and www.gmause.tv.

Ilang rice retailer, pinag-iisipang huwag munang magbenta ng bigas | Saksi

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