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NewsTranscript
00:00The number of imported rice is record high, but the price is still high.
00:05That is the concern of a group of farmers.
00:08The Agriculture Department's spokesman is Bernadette Reyes.
00:16A group of farmers are concerned about the importation of imported rice to the market.
00:21The harvest of rice will arrive in March.
00:24The importation of imported rice to the market may really lower the price of rice.
00:32The importation was record high in 2024, reaching 4.7 million metric tons.
00:38According to the Department of Agriculture, the number of farmers decreased.
00:43According to the Department of Agriculture, the imported rice in the country increased,
00:47not only for the local supply, but also because of the reduction of the rice tariff by 15%,
00:54from the previous 35%.
00:56Although the importation increased in 2024, the local production decreased significantly.
01:03The reduction was very significant.
01:05And the import, of course, compensated for our losses.
01:10Because of El Niño, the next typhoon, La Niña,
01:15this 4.7 could also be reflective that the smuggled rice is no longer very limited.
01:26The aim of the reduction of the tariff on imported rice is to lower the price of rice for families.
01:31According to the Department of Agriculture and Finance, in September...
01:35More or less, it's around 6 pesos on the imported rice.
01:40Okay.
01:41But it all depends on what world prices will look like.
01:46The full effect should be felt by January of 2025.
01:49I'll put it at 5 pesos.
01:51If the price of rice is 52 pesos now, it should be around 48 pesos by January.
01:57If the price of rice is 50 pesos now, it should be 45 pesos by January.
02:01Officials said on September 24 when it was based on the DA monitoring,
02:06that the lowest price of local commercial rice per kilo is between 45 to 55 pesos
02:13in the markets in NCR, depending on the class.
02:16The lowest price of imported commercial rice is between 42 to 55 pesos.
02:23In the latest monitoring of the DA on January 6,
02:26you can buy local rice for 38 to 40 pesos in the markets.
02:31The lowest price for premium local rice is lower compared to September.
02:36There is also a decrease in the lowest prices for some kinds of imported rice.
02:41But there is still an excess of 60 pesos per kilo, which according to the DA is too expensive.
02:47It's still the same.
02:48Some prices are lower, while others are still the same.
02:53So in the eyes of the Federation of Free Farmers Cooperatives,
02:56there is a lack in the lowest prices now.
02:59Our consumers are not affected.
03:03The rice is still expensive in the markets.
03:05In the Department of Agriculture, our mandate and focus is on local production.
03:12Importation is entirely out of the government's hands.
03:17For GMA Integrated News, Bernadette Reyes, your Saksi.
03:23Mga Kapuso, maging una sa Saksi.
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