Grupong PRISM, ibinunyag na may ilang rice retailers ang nahihirapan makasunod sa price ceiling
Grupong PRISM, ibinunyag na may ilang rice retailers ang nahihirapan makasunod sa price ceiling; DTI, iginiit na regular at well-milled rice lang ang sakop ng price cap
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NewsTranscript
00:00 The situation of businessmen in the area of the price ceiling for rice was brought to light.
00:06 The Trade and Industry Department is now forming a list of retailers affected by this.
00:13 The DTI clarified that the price cap is only for regular and well-milled rice.
00:19 Kenneth Paciente has more.
00:23 As a rice retailer, Joseph follows the price cap for regular and well-milled rice.
00:30 He admitted that he can sell this to consumers, but their income is affected.
00:35 Normally, they will sell it quickly because it's cheap.
00:38 That's what they will buy.
00:39 But your income is almost nothing.
00:42 You will still be in debt.
00:44 You will still be in debt from your income.
00:46 You will still lose.
00:48 Of course, you will still be in debt.
00:49 Joseph is just one of many rice retailers who are suffering from the price ceiling.
00:55 But the government assured that it will help those affected by the rice retailer.
01:00 According to the DTI, the list of affected retailers is now being formed.
01:05 It will be given to the DSWD, which has been assigned to pay out the financial assistance received.
01:12 According to the agency, the target is to give P15,000 to each affected rice retailer.
01:19 After verification, you validate and give them the money.
01:22 They will sell it at a discount.
01:24 They were discounted the other day.
01:27 Our target is to start distributing the financial assistance before the end of the week.
01:36 In Metro Manila, the DTI expects that 25,000 affected retailers are registered in LGUs.
01:44 But the DTI is also mobilizing its Bureau of Small and Medium Enterprise Development Division
01:50 for small stores that also sell rice.
01:53 The DTI explained that the price cap will be implemented temporarily.
01:58 This is a temporary stopgap measure.
02:00 As soon as the price of rice stabilizes, we will lift the price ceiling.
02:08 The price will be close to the ceiling.
02:10 So expect prices to really also go down.
02:13 The DTI also stated that the price cap of P41.45 is only for regular and well-milled rice
02:19 and the premium rice is not included.
02:22 The DTI will also ensure that there will be no interruption in the price cap.
02:27 I don't want the buyers to buy from the store where you are.
02:32 That's for your own safety.
02:34 But we are also involved in monitoring the quality of the rice that is being sold.
02:42 We are also consulting with traders.
02:47 In fact, we were in Bulacan yesterday talking to traders
02:53 to ensure that there is a good supply of well-milled rice and regular milled rice.
02:59 The Philippine Rice Industry Stakeholders Movement or PRISM said that some retailers are having a hard time keeping up with the price ceiling.
03:07 Some are forced to sell yellow rice at a price of P41.00 per kilo to keep up with the price ceiling.
03:14 But the group insisted that they are going around the markets in the country
03:18 to ensure that retailers can keep up with the price cap.
03:23 They strongly believe that the price cap will help the public.
03:26 For the benefit of the majority, that's all. We just need to adjust and help.
03:36 The DTI is also implementing market linkages or connecting with traders and retailers
03:41 so that they can have access to a cheap supply of rice.
03:45 Kenneth Paciente, for the country.