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NewsTranscript
00:00Starting on January 20, the maximum suggested retail price for imported rice will be Php 58 per kilo.
00:06In some families in Metro Manila, there is a decrease in the price of some types of rice.
00:11Live from Pasig, we have the first news, EJ Gomez. EJ.
00:21Egan, this is a new year and there is a change in the price of rice in some families.
00:26Here in Pasig Mega Market, according to some rice vendors, their prices have slightly decreased.
00:32Even so, demand or sales are still a bit low today.
00:42Nanay Belen has been selling rice for more than two decades.
00:45She is used to the ever-changing prices of her stores.
00:49Now, in 2025, the price of some types of rice in Pasig Mega Market will be reduced.
00:55She also said that the reason why the supply is high.
00:58We can see from the price that before, it was almost 40, 45, 46.
01:06It was really high. Now, it's already there.
01:09That's it. It's also decreasing.
01:12Even the 5% before, it's decreasing.
01:17In the price monitoring of the Department of Agriculture,
01:19per kilo of rice in some families in Metro Manila varies from Php 40 to Php 64, depending on the type.
01:26Here in Pasig Mega Market, well-milled local rice can be bought for Php 45 per kilo,
01:32which was then Php 48.
01:34The high price was Php 48 from the previous Php 50.
01:38While the premium was Php 46 to Php 64 per kilo, which was previously Php 52 to Php 65.
01:46The imported rice was sold for Php 54 to Php 56 per kilo.
01:52On January 20, the government will impose Php 58 per kilo as the maximum suggested retail price or MSRP for imported rice.
02:02According to the DA, the MSRP is far from being balanced with the price of imported rice in the market.
02:07And this is probably fair for the farmers and rice industry and those who can afford to buy.
02:15Rice vendors are only allowed to talk about MSRP.
02:18You will be able to afford it if we get a low price.
02:21So it's not up to us to start.
02:24It's up to the suppliers if we can get a low price so that we can sell it at a lower price.
02:34Okay, I'll stop here.
02:39Igan, the rice that Nanay Belen mentioned, the rice that she sells for Php 40 per kilo,
02:44is rice from places that were affected by the typhoon.
02:48That's why their suppliers lowered their prices a bit.
02:53But the quality is still okay.
02:55And there are still a lot of people buying, especially those who are looking for cheap rice.
03:04That is the first news from Pasig City.
03:06EJ Gomez for GMA Integrated News.