Presyo ng bigas sa Kalentong Market, bumaba | Unang Balita

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Transcript
00:00We'll talk to a consumer.
00:02The price of rice has dropped in a market in Mandaluyong.
00:06How much? Find out in the first news live of Bam Alegre.
00:09Bam!
00:14Good morning, Igor.
00:15In times when you want to extra-rice but are forced to diet because of the budget shortage,
00:19the price of rice per kilo has dropped in some markets,
00:22like here, in Kalentong Market in Mandaluyong.
00:25In the past, 57 pesos per kilo was the lowest price of rice in Joey Calasoro's store.
00:33But he noticed that since the arrival of rice from local rice farmers,
00:37the price has dropped.
00:38Anyway, he's now selling rice for 50 pesos per kilo.
00:42It's really important.
00:43Because it won't move in the market if they don't export it.
00:47For example, if they hoard the rice,
00:51the consumers will be pitiful because they'll be forced to buy rice at a high price
00:57if the supply is not enough.
01:00There are many ways for the price of rice to continue to drop.
01:03In the government's plan, the Executive Order 62 was issued in June
01:07to reduce the price of rice from 35% to 15%.
01:12The Anti-Agricultural Economic Sabotage Act was also passed yesterday
01:16to impose higher fines and punish the last smugglers
01:20of the so-called Agricultural Economic Sabotage in the country.
01:24It's also a barrier so that the price of rice won't drop.
01:28Some farmers chose to build barriers to keep the price of rice at a high level
01:33because they're having a hard time budgeting for the prices of rice.
01:36If it's a law, then it's okay. It's a protection.
01:39It's better because it's expensive to buy.
01:42It's unfair to others that someone would hoard rice at a high price.
01:47It hurts their feelings.
01:48Yes, it hurts their feelings.
01:49Even though the price of rice has increased, the price of rice is still high.
02:00A group of farmers, the Federation of Free Farmers,
02:03announced that the price of rice in the family will be lower
02:08if the savings go to the consumers and not to the rice importers.
02:12This is the first news from Mandaluyong.
02:14Bamalegre for GMA Integrated News.
02:38For more UN videos visit www.un.org

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