00:00 Agriculture Undersecretary Leo Sebastian believes that the Filipino farmers will benefit from the high price of rice in the world.
00:10 The price of rice is higher than 100 years ago. It is a good thing that the farmers will earn more.
00:18 Traders believe that the country's economy will continue to grow because of the focus on agriculture and the entry of new residents from the state visits of President Ferdinand R. Marcos Jr.
00:32 Alan Francisco has a report.
00:35 The PSAC, or Private Sector Advisory Council, is positive that the economy of the Philippines will grow even more.
00:42 According to GoNegosyo founder and PSAC lead for jobs Joey Concepcion, the country's investment from state visits of President Ferdinand R. Marcos Jr. is slowly entering the country.
00:55 The government is also focused on this. The private sector is happy with the strengthening of agriculture and the response to the green energy demand through the production of batteries and electric vehicles.
01:07 The government is also focusing on the improvement in the ease of doing business in the country. Because of this, Concepcion believes that it will result in more jobs and opportunities for micro,
01:18 small and medium enterprises and will help in the growth of the economy.
01:23 Job generation will be generated through our MSMEs. If we do well in the agri-sector, our farmers, if they are able to grow, the sector of agriculture here in the Philippines will grow.
01:37 That's a huge, huge job generating sector. And of course, the new areas like electric vehicles and all of that are also the future, not only for the Philippines, but for the world.
01:50 The Filipino farmers are also benefiting from the high price of rice in the world. This is what Agriculture Undersecretary Leo Sebastian said,
01:59 where the increase in the price of rice is a result of the expected shortage of rice supply in the world due to the effects of El Niño.
02:07 Based on the data of the National Rice Program of the Department of Agriculture, the price of fresh rice this March increased to more than P17 per kilo.
02:18 While the price of dry rice increased to more than P19. This is higher than the same month last year, where the price of fresh rice increased to more than P15 per kilo,
02:29 while the price of dry rice increased to more than P18. While the price of fresh rice this April 2023 is more than P17 per kilo and more than P20 per kilo for dry rice.
02:41 This is higher than the April 2022, where the price of fresh rice increased to more than P15 per kilo, while the price of dry rice increased to P17 per kilo.
02:50 In Central Luzon, this is the highest price of rice, where the price of fresh rice is P22 per kilo and P25 per kilo for dry rice.
03:01 Alan Francisco for the nation.
03:04 (upbeat music)
Comments