24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.
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NewsTranscript
00:00 Even the eggs that are used in some Christmas break snacks
00:05 have also increased in price.
00:06 Bernadette Reyes pointed that out.
00:08 Leche flan, brownies, and cakes.
00:15 Those are just a few of the break snacks, especially during the holiday season.
00:20 But why are there so many of those?
00:22 Because the ingredients of this egg
00:24 that used to cost more than P6 to P8.50 per piece,
00:30 has now become more expensive.
00:32 In the last price monitoring of the Department of Agriculture,
00:35 the medium-sized eggs in some families in Metro Manila
00:38 have now reached P9.50.
00:41 That's why some people buy the smallest, or what they call "Pee-wee size".
00:46 But here in the labor market in Manila,
00:48 it's now worth more than P7.00 per piece.
00:53 In December, it really increased.
00:56 Almost every day.
00:58 That's why we're able to earn more than our retailers.
01:02 It's only now that some people who sell break snacks
01:05 are planning to increase their prices.
01:07 Because of that, it's possible that some people will start buying break snacks
01:10 by the end of December.
01:12 In December, we're planning to increase our leche flan.
01:16 From P60 to P70.
01:19 If we don't increase our prices,
01:22 we won't be able to earn anything.
01:23 In the leche flan, we only use egg yolks.
01:27 We use the white ones in the Brasso de Mercedes,
01:31 and in the Yema Cake.
01:32 The egg producers admitted that the price increased
01:36 because the production decreased.
01:38 But they're wondering why the retailers
01:41 have increased their prices so much.
01:44 Our average is P7.00 per piece in the medium-sized eggs,
01:48 and P7.40 in the large eggs.
01:50 But in the market, the price is P9.50 in the medium-sized eggs,
01:55 and P11.00 to P12.00 in the large eggs.
01:58 The difference is huge.
01:59 It's like a lot.
02:01 According to Agriculture Undersecretary Deo Gracias Victor Savellano,
02:05 the increase in the price of eggs is just a temporary measure.
02:08 The DA is already increasing the supply of corn in the country
02:11 that is used in chicken feed.
02:14 So if the price of chicken feed decreases,
02:17 the supply of eggs will increase,
02:18 and if there's an oversupply,
02:20 the eggs can be exported.
02:23 For GMA Integrated News,
02:26 Brunette Reyes,
02:27 "Nakatutok, 24 Horas."
02:30 Kapuso, kasama niyo kami, 24 Horas.
02:33 Mag-subscribe sa GMA Integrated News sa YouTube.
02:37 Sa mga kapuso abroad,
02:38 visitahin ang GMA Pinoy TV at www.gmanews.tv.
02:45 (upbeat music)
02:48 (upbeat music)
02:53 (upbeat music)