Marcos to decide on rice price cap soon—DA exec

Manila Bulletin

Although the Department of Agriculture (DA) has recommended the lifting of the rice price cap, it is up to President Marcos to decide on it, an official said on Tuesday, Oct. 3.  DA-Bureau of Plant Industry Director Gerald Glenn Panganiban faced the media during a press briefing at Malacañan Palace after the sectoral meeting held by the President with the agency and the Department of Trade and Industry (DTI). (Video Courtesy of RTVM)  READ: https://mb.com.ph/2023/10/3/marcos-to-decide-on-lifting-rice-price-cap-soon-da-exec  Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin  Visit our website at http://mb.com.ph Facebook: https://www.facebook.com/manilabulletin Twitter: https://www.twitter.com/manila_bulletin Instagram: https://instagram.com/manilabulletin Tiktok: https://www.tiktok.com/@manilabulletin  #ManilaBulletinOnline #ManilaBulletin #LatestNews

Transcript

00:00 From our parameters, it looks like it's ready, but of course it's all upon the President

00:07 to decide on it. Our focus, and this is the instruction of the President from day one,

00:15 is to really support our farmers, the local produce. And this is again what the President

00:22 wants, is really to have a stable supply, and that will translate to stable prices in

00:28 the market. So, us at DA, we continue with the production. I think the market will take

00:33 care of itself, but at that point in time, again, it's just a temporary measure. So,

00:39 we will see what the President's decision will be.

00:46 [End of transcript]

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Transcript

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