Sa ilang palengke, wala nang mabiling bigas na mas mababa sa P50 | 24 Oras Weekend - video Dailymotion

GMA Integrated News

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Transcript

00:00 There is no longer any rice that is cheaper than 50 pesos in some markets.

00:05 And the buyers are getting annoyed with the high price of rice.

00:08 Aside from the recent typhoons and floods and the rice export ban in India,

00:13 it is also seen that the issue of hoarding and price manipulation is still a hot issue.

00:18 Ian Cruz was able to point it out.

00:20 The price of rice is high now.

00:23 It is really expensive.

00:25 For some merchants in Mega Q Mart in Quezon City, some rice stalls are heavy in their pockets.

00:31 Regular is 52 pesos per kilo.

00:34 The other type is 53 to 58 pesos.

00:37 And the red rice is 75 pesos.

00:40 I am having a hard time with the budget now.

00:42 Before, I used to buy 40 kilos, now it has become 52.

00:46 I used to buy 10 kilos, now it is only 5 kilos.

00:49 Even the sellers are getting annoyed.

00:51 The sales are increasing every day.

00:54 It is really annoying.

00:55 In the Litex market, it is also hard to find a store that sells rice.

00:59 It is annoying because some are looking for a lower price.

01:04 There are other vegetables that are cheaper than 53 pesos per kilo.

01:08 Even if there is a store that sells 51 pesos per kilo, it is not something that children can eat.

01:13 It is heavy in my pocket.

01:15 My child does not eat hard food.

01:17 Before, there were 25 pesos per kilo of rice in Kadiwa stores.

01:21 But in Kadiwa, in Elliptical, there are no rice stores for 2 weeks.

01:26 It is expensive because of the price.

01:28 The Philippine Rice Industry Stakeholders Movement explains that the high price of rice is the effect of the export ban of India.

01:37 This is an outside factor that we cannot really control.

01:43 We were also shocked.

01:45 According to AGA Party List Representative Nicanor Briones,

01:49 money hoarding and price manipulation in the rice industry is a big issue.

01:54 Like now, rice is already in their hands, in the hands of traders and importers.

02:01 This means that they can really manipulate the price.

02:06 They cannot immediately export a lot of rice if it is already in their hands and they are waiting for the price to rise.

02:18 But the PRISM clarified...

02:20 This is not because rice traders are taking advantage.

02:26 We are also suffering because of the supply.

02:30 But then again, because of the factors that happened, like the 2 weeks of the Egyde and Typhoon,

02:40 a lot of things were affected.

02:42 At the same time, the dollar is high, the fuel cost is high.

02:46 Despite that, they are already consulting the Agriculture Department

02:51 on the re-launching of 38 pesos per kilo of rice in Kadiwa outlets.

02:56 We tried to get permission from the Department of Agriculture regarding the price of rice.

03:02 For GMA Integrated News, Ian Cruz, for 24 Hours.

03:07 [Music]

03:08 [Music]

Sa ilang palengke, wala nang mabiling bigas na mas mababa sa P50 | 24 Oras Weekend

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