DA exec cites indicators for possible lifting of rice price ceiling

Manila Bulletin

Farmers and rice retailers may soon breathe a sigh of relief after Bureau of Plant Industry (BPI) Director Gerald Glenn Panganiban said on Tuesday, Oct. 3, that there are now “positive indicators” for the possible lifting of the rice price ceiling.   During a media briefing after the sectoral meeting between the DA and President Marcos, the official gave an insight on the what could lead to the withdrawal of the price cap. (Video Courtesy of RTVM)  READ: https://mb.com.ph/2023/10/3/da-exec-cites-indicators-for-possible-lifting-of-rice-price-ceiling  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 Indicators point that there are decreasing prices observed in market from our implementation

00:11 starting last month until today.

00:14 And then we are expecting an increased supply of our local harvest coming this last quarter

00:22 for October, November and the rest of the year.

00:26 And favorable factors externally has been reported, a drop in the export prices of rice

00:37 in the global market has also been reported.

00:40 We are expected that the DTI and DTI to have collaborations in order to further monitor

00:47 and survey the prices so that it will not again increase drastically.

00:54 So that's what we are doing and we are working with all agencies, the government, not only

01:01 the DA but also the DTI and DILG to implement whatever measures and guidelines we can do

01:08 so that the consumers and of course our stakeholders, the farmers will also be benefited.

01:15 �

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