• 2 days ago
DA at DTI, nagsagawa ng special price and supply monitoring sa Trabajo market sa Sampaloc, Manila

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Transcript
00:00He was also urged by several government agencies to focus on the implementation of the Maximum Suggested Retail Price.
00:07The Department of Agriculture was also able to issue guidelines for the period of compliance.
00:13Vel Custodio was at the center of the news.
00:18Officials from the Department of Agriculture and the Department of Trade and Industry
00:23to carry out a special price and supply monitoring for the primary buyers in Trabajo Market, Sampaloc, Manila.
00:30This is also in line with the implementation of the Maximum Suggested Retail Price of Php 58 per kilo of imported rice.
00:38But in the circulation of the DA and DTI, there are still some rice sellers who sell up to Php 60 per kilo of rice.
00:46It depends on the seller.
00:48They just let the old supply run out and they will also replace the rice at a lower price when the old stocks run out.
00:56That's also what our secretary said.
00:59That's why she didn't implement it right away because she knows that we still have stocks.
01:04So what we expect is that within the next few days or weeks, we can strictly implement the Php 58.
01:14It's still going down. So we really need to have an adjustment period.
01:19We'll give them enough time to renegotiate their stocks now and to their supplier.
01:26But eventually, in two weeks' time, we'll have another round.
01:32The guidelines of the Department of Agriculture and the Department of Trade and Industry for the period of compliance have been issued.
01:38Aside from rice, agencies are also evaluating the price of other primary products.
01:43We noticed that the price of meat here is a bit high compared to other markets that we monitor.
01:50We're looking at it. Maybe there's an effect on the rent or something. That's what we're looking at.
01:59Meanwhile, it's possible for the DA to declare a food security emergency and they're just waiting for a resolution to be issued for this.
02:08The food security emergency has two parts. First, it can help lower the price of rice.
02:15Second, the NFA stocks can be issued and these stocks are lower.
02:20We expect that it will be issued at Php 38 per kilo.
02:23So its volume is big and it has an effect on lowering the price.
02:28After receiving the resolution, the food security emergency can be declared.
02:34We're checking it now because we also have to give time to the DA due diligence for the review.
02:41As pronounced by the Secretary, if the review is good, then he will make the necessary action as soon as possible.
02:50The DA will continue to assist local government units for the implementation and monitoring of the correct price in the market.
02:58Vel Custodio for Pagpansang TV in Bawang, Philippines.

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