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NewsTranscript
00:00Supported by the group Samahang Industriya ng Agrikultura o Sinag,
00:03the recommendation is to declare a food security emergency.
00:07Not only those who will choose will benefit, but also the farmers.
00:10If the National Food Authority sells the buffer stock of rice,
00:14the local farmers will also be able to buy in return.
00:19Of course, the harvest will start in the last part of February.
00:24According to the Department of Agriculture,
00:26it is possible that today they will receive the resolution from the National Price Coordinating Council.
00:31Last Friday, President Bongbong Marcos said
00:33that he supported the declaration of a food security emergency
00:37to lower the price of rice.
00:43The reason that we are doing this is
00:45we have done everything to lower the price of rice
00:49but the market is not being allowed to work properly.
00:54Until now, even if you lower all the inputs,
00:57the sales are still high.
00:59And so, we have to force that price down.