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NewsTranscript
00:00The Department of Agriculture is urging the National Food Authority to restore power
00:05to lower the price of rice.
00:08Agriculture Secretary Francisco T. Laurel Jr. said in a statement to the camera
00:12that this is the only solution they can find to fight the abuses in the market.
00:17The NFA of rice should be allowed to buy and sell again
00:21which was prohibited under the Rice Tariffication Law since 2019.
00:26As of now, the NFA has more than 6 million bags of rice
00:30that they can sell for Php 29 to Php 30 per kilo.
00:35It's lower.
00:36They can buy up to Php 42 to Php 60 of rice depending on the class.
00:41A congressman asked if they can recommend the President
00:45to have an executive order called RITO.
00:47The DA will first consult their legal department.
00:56For more stories, visit nyseagrant.org