Marcos backs food security emergency declaration

The Manila Times

Marcos backs food security emergency declaration  President Ferdinand Marcos Jr., in an interview in Burauen, Leyte on Jan. 17, 2025, expresses his support for the declaration of a food security emergency to bring down the price of rice in the country.  Video by MPC Pool  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe   Visit our website at https://www.manilatimes.net   Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion   Subscribe to our Digital Edition - https://tmt.ph/digital   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Tune In: https://tmt.ph/tunein  #TheManilaTimes #tmtnews  #foodsecurity  #emergency  #philippines  #bongbongmarcos

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00:00Sir, on other matters, the DA is set to declare food security emergency. What is your thought on this, sir?

00:07Well, we are still waiting for the recommendation of the Price Coordinating Council.

00:15But maybe next week, the DA will formally accept its recommendation.

00:22And the recommendation, I believe, is going to be to declare an emergency.

00:27The reason that we are doing this is we did everything to lower the price of rice.

00:33But the market is not being allowed to work properly.

00:38The demand and supply curve is not being followed.

00:42Because until now, even if you lower all the inputs, the sales are still high.

00:48And so, we have to force that price down and we have to make sure that the market works properly.

00:54That there is no friction cost.

00:58Because there are different things.

01:02And this is not illegal.

01:04So, we have to make sure that the price is low.

01:24For more information, visit www.fema.gov

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