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NewsTranscript
00:00The National Price Coordinating Council has a hot news to lower the price of rice.
00:13Let's talk to Bernadette Reyes.
00:16Bernadette?
00:20Connie, the National Price Coordinating Council has passed a resolution
00:24advising the Department of Agriculture to declare a food security emergency on rice.
00:33Once it is declared, the NFA will be able to export the buffer stock of rice from their warehouses.
00:40Aside from stabilizing the price, the NFA will also be able to buy rice during harvest season.
00:46According to the Department of Agriculture, Secretary Francisco Chula Real Jr.,
00:50it will be sold to LGUs, KADIWA, AFP, PNP, and other government agencies.
00:56It is a target to be approved this month or in February.
00:59It is a target to be sold for Php 38 per kilo.
01:03But in March, it might be sold for Php 33 per kilo
01:07to be sold to LGUs, GOCCs, and other agencies for Php 35 per kilo.
01:15The Php 40 per kilo of rice for all will be reduced to Php 38 per kilo starting tomorrow
01:21to be more affordable for buyers.
01:26After the NFA's approval, the manufacturers agreed to increase the price of more than 60 products
01:34such as sardines, milk, and bread.
01:37However, the DTI agreed to increase the price of more than 150 BNPCS products.
01:48Today, the DTI and DA visited Mutianang Pasig.
01:53They said that the prices are stable.
01:55They also went to a grocery store.
01:57They said that the prices are within the suggested legal price.
02:01Thank you very much, Bernadette Reyes.
02:06For more information, visit www.fema.gov