00:00 The owners of the warehouse themselves are also forced to lower the price of rice.
00:06 In the intercity in Bulacan, where the warehouses are located side by side,
00:10 you can see a lot of bags packed.
00:13 But some of them are running out of stock, like the one we went to.
00:18 Here in a warehouse in Bukawe, Bulacan,
00:21 the rice is not almost full because of the supply.
00:25 They have a new batch of rice that they bought for P33 per kilo,
00:30 500 bags or equivalent to one truck.
00:33 But they are still short of two trucks to start grinding and making rice.
00:38 So they are hoping that if they can buy cheaper rice in the next few days,
00:43 they might still lose P4 per kilo.
00:47 According to the management of the warehouse,
00:50 P44 per kilo is the lowest price they can give for a bag of regular meal rice.
00:56 But they already spent P2 because P46 per kilo is the highest price.
01:03 P5 is the difference in the price ceiling of P41,
01:07 and it's not included in the prices.
01:09 The boss is really fighting for it.
01:12 We are really giving a sacrifice sale.
01:14 Everyone is waiting, even the buyers.
01:17 We are being called to see what to do because as you can see,
01:21 the lowest price we can give is P11, which is P44 per kilo.
01:26 How can they sell that for P41 to P45?
01:29 The warehouse is also hoping to get the rice by the end of September
01:34 so they can get it back somehow.
01:36 The cheapest rice they can get now is P29 per kilo of rice.
01:42 We need to find agents or farmers who can give a reasonable price for rice
01:50 so we can reach the level that the president is giving, P41 to P45.
01:55 The rice being taken from Bulacan and Nueva Ecija by the wholesaler, Ray,
02:01 is almost closed because he can't sell anymore.
02:05 He's also running out of the remaining stocks of rice in his place in Quezon City.
02:11 Ray is leading by P1,360 for 25 kilos of well-mealed rice,
02:17 but he's also lowering it to P100.
02:21 He's getting P49 per kilo, not including delivery and other expenses.
02:28 Even so, he's just giving it to rice retailers for P45
02:34 so he can follow the price cap.
02:37 We don't have a choice.
02:41 We're just giving it to the poor.
02:43 Look, we don't have rice.
02:45 It used to be full of rice.
02:47 Annie Ray says he might just close his store tomorrow afternoon
02:52 when he's running out of the remaining 500 sacks.
02:56 It's a waste of money.
02:57 Because the price is high, we need to lower it.
03:01 If they can sell 900 sacks, that's enough.
03:07 The government promised to help rice retailers up to P15,000.
03:13 Kary K. Tor, CNN Philippines.
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