High prices of rice in the Philippines is inevitable, President Marcos said. Marcos stated this, responding to a question of a letter sender if “BBM” stands for "Bigas Biglang Mahal.”
The President explained that it is unavoidable to see a rise in the prices of rice in the country, considering the increasing prices of oil that impacts cost production. (Video Couirtesy of Bongbong Marcos / Youtube)
READ MORE: https://mb.com.ph/2024/2/25/bigas-biglang-mahal-is-inevitable-marcos-says
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The President explained that it is unavoidable to see a rise in the prices of rice in the country, considering the increasing prices of oil that impacts cost production. (Video Couirtesy of Bongbong Marcos / Youtube)
READ MORE: https://mb.com.ph/2024/2/25/bigas-biglang-mahal-is-inevitable-marcos-says
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/manilabulletin
Instagram: https://instagram.com/manilabulletin
Tiktok: https://www.tiktok.com/@manilabulletin
#ManilaBulletinOnline
#ManilaBulletin
#LatestNews
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NewsTranscript
00:00 From Leanne, "In the name of the Lord, I am Leanne Leomian and from Santa Rosa, Laguna.
00:05 I'm writing on behalf of my son because he told me,
00:08 'Mommy, is it true that the meaning of BBM is 'bigas biglang mahal'?'
00:12 So I told him, 'It's the best time to write the President and ask him about it.'
00:15 I'm glad that you did."
00:16 Because, we cannot avoid seeing that the price of rice in the Philippines is really increasing.
00:26 But if we look at it, even the countries that are exporting,
00:32 their prices are increasing, almost equal to the prices here in the Philippines.
00:38 In Vietnam, where they export millions and millions of tons every year.
00:42 In Thailand, they are also exporting millions and millions of tons.
00:46 I studied and looked at it, are their prices there in their countries low?
00:51 No. Because the problem is not here in the Philippines.
00:56 What is happening here is that we are experiencing an increase in the price of corn.
01:02 When the price of corn increases, the price of urea increases.
01:04 Everything, including water, needs to be fixed.
01:08 So, all these external shocks are really affecting us.
01:13 We are doing everything to ensure that our production is sufficient,
01:18 that we are not importing anymore, that the inputs for our farmers are reduced,
01:24 and that we stabilize the price of rice.
01:29 For more UN videos visit: www.un.org/webcast
01:34 Produced by the U.S. Embassy in the Philippines
01:40 [BLANK_AUDIO]