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NewsTranscript
00:00The Department of Agriculture is expecting to be able to sell 29 pesos to 32 pesos per kilo of rice by the end of 2028.
00:14According to Agriculture Secretary Francisco T. Laurel Jr., if that will happen, the target can be 25 pesos per kilo or even cheaper rice.
00:24But it still depends on the international market price of rice in January 2028.
00:30In order to do this, the logistics cost should be lowered, as well as the price of fat and grains.
00:37It should also be said that there should be a credit facility or the investors will be able to borrow with lower interest.
00:43They say that irrigation is their priority now.
00:46The agency also said that even if the calamity of the supply is affected,
00:50they are confident that there are 3 million bags of rice that the National Food Authority will be able to sell before the end of 2024.
00:58According to the latest monitoring of the agency, the price of imported rice in Metro Manila varies from 42 pesos to 65 pesos per kilo.
01:08The price of local rice varies from 45 pesos to 65 pesos per kilo.
01:14It depends on the class.
01:44For more UN videos visit www.un.org