PBBM, sang-ayon sa pagdedeklara ng "food security emergency" para matiyak ang abot-kayang presyo ng bigas
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NewsTranscript
00:00President Ferdinand R. Marcos, Jr. recently declared a food security emergency
00:06so that the price of rice can reach a certain level in an ambush interview.
00:11The President said that this is the result of the government's efforts to lower the price of goods,
00:17particularly rice.
00:19The President also added that this is a way for the market to work properly
00:24when the consumers are not getting hurt.
00:26The reason that we are doing this is that we did everything to lower the price of rice,
00:34but the market is not being allowed to work properly.
00:39The demand and supply curve is not being followed because until now,
00:45even if you lower all the inputs, the sales are still high.
00:50And so we have to force that price down and we have to make sure that the market works properly.
00:56So that there is no friction cost because we are doing different things.