Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.
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NewsTranscript
00:00He assured that they are focusing on increasing the price of tomatoes and rice.
00:05The Department of Agriculture will help the rice stakeholders to talk about raising the maximum suggested retail price.
00:14We have first news from Bernadette Reyes.
00:20The Marcos administration has just started to focus on the price of rice.
00:25According to the monitoring of the Department of Agriculture, the price of imported rice reached more than Php 60.
00:31Now, the price of imported rice is only more than Php 43 when it enters the country or the so-called landed cost.
00:38The price of rice should be Php 52. So, there should be no Php 60.
00:46Depending on where the rice is harvested and the type of rice, the landed cost will be different.
00:51According to the Philippine Rice Industry Stakeholders Movement, there are members who are raising rice.
00:56The group said that the price of Php 60 is high.
01:01If the type of rice is good, the price should be below Php 60.
01:07According to SINAG, the most expensive well-milled rice and other 5% broken rice should be Php 45 to Php 47,
01:16depending on where the country is from.
01:18They can be charged under the Anti-Agricultural Economic Sabotage.
01:22How can they not be charged for the price?
01:25The DA will urge stakeholders to talk about raising the maximum suggested retail price or the highest price for rice.
01:33I'm just waiting for the competition.
01:35MSRP is dependent on the type of rice.
01:44There is a basis of competition as to why the suggested retail price should be up to here.
01:51So, it should be the maximum.
01:53According to the Philippine Statistics Authority, the price of rice is already falling in families.
01:58There is an indication that this can continue.
02:01President Bongbong Marcos will also help the DA.
02:05If Malacanang confirms that the price of rice is being targeted,
02:09the price of tomatoes will also rise, along with the issue of hoarding and smuggling.
02:14The star of the moment is tomatoes.
02:18We noticed that.
02:20Other times, mostly rice.
02:23From the beginning of my service in the Cabinet,
02:27we were wondering how that would happen.
02:31There is sufficient supply, but the prices don't go down.
02:35Although many are still in love with rice,
02:38the National Economic and Development Authority, ONEDA,
02:41pointed out that rice inflation slowed in December 2024,
02:45the slowest since January 2022.
02:48According to the Philippine Statistics Authority,
02:51the inflation rate increased by 2.9% in December 2024,
02:56compared to 2.5% in November.
02:59But the average inflation rate for the whole year is 3.2%,
03:04which is lower than 6% in 2023,
03:07and has entered the target range of the government.
03:10When the PSA asked if there is a possibility that inflation will increase,
03:14good news was seen in the price of rice.
03:17We're seeing the trend going down.
03:19So this is what I'm saying,
03:21that there is a possibility that the inflation for rice will be negative this January.
03:26But when it comes to other products,
03:28we can still see an increase, particularly in vegetables.
03:33As I said earlier, tomatoes are still increasing.
03:36The critical of course would be the transportation.
03:39The weekly changes in the price of fuels, diesel and gasoline.
03:46This is the first news.
03:47Bernadette Reyes for GMA Integrated News.
04:03Transcription by ESO. Translation by —