00:00 It's expensive. The rice being sold to their families is getting yellow because of the storm. The question is, when will the price go down?
00:10 Bernadette Reyes is on the scene.
00:12 The rice is getting yellow because of the mixed rice that is being sold as a gift in Fairview, Quezon City.
00:21 According to a rice miller, there are rice that are of lower quality, especially if it's related to the affected by the storm.
00:30 Their quality is affected. This is the best offer that our fellow farmers are offering.
00:37 In the last price monitoring of the Department of Agriculture, the price of regular milled rice reached P55 per kilo, while the price of well-milled rice reached P57 per kilo.
00:48 According to the Philippine Rice Industry Stakeholders Movement, the price of rice in retail outlets could reach P50.
00:57 But there are some that are cheaper but still of good quality.
01:01 They say it's P50 plus because the total price of our rice is P2,500, which is P50 plus P4 for retailers, so P54.
01:14 We also have P2,200, which is P44 plus P48. That's what we should be able to see in the market.
01:24 According to Nueva Ecija Rice Millers Association, the price of rice is now falling,
01:30 an indication that the price of rice will also be falling in the coming weeks.
01:35 Laondaw, for example, is now falling by P2 per kilo.
01:39 The price from the farm is P25, now it's just P22.
01:45 So we expect that in less than two to three weeks, it will fall by P2 to P3. The price will also be falling gradually.
01:54 While the arrival of new rice is expected to lower the price, the distribution of rice with more than enough rice, P38, is still ongoing among the buyers.
02:05 For those who are poor, we're limiting it to five kilos per day, not for everyone.
02:14 For GMA Integrated News, Bernadette Reyes, for 24 Hours.
02:20 [News Anchor]
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