Presyo ng bigas sa NCR, bumama mula nang ipatupad ang price cap

Transcript

00:00 The price of rice in Metro Manila has continued to fall since the price cap was implemented on rice.

00:05 Based on the price monitoring of the Agriculture Department,

00:08 the regular milled rice is from P40 to P42 while the well-milled rice is from P40.

00:14 Despite this, President Ferdinand R. Marcos Jr. insisted that the price ceiling should be implemented.

00:21 The DA and the National Food Authority also explained that the price cap is not yet time to be removed.

00:31 Not yet. It will take two more days to fall.

00:35 Maybe after one week, we will know if it will fall or be removed.

00:40 We will have to temper the prices for a little more time before we can remove the price cap.

00:47 Otherwise, there might be a ratchet effect which we do not want.