00:00 Authorities want to make sure rice retailers at Cebu City's Carbon Market
00:05 are complying with the 41 to 45 pesos price cap imposed by President Bongbong Marcos Jr.
00:11 But while retailers are compliant, their businesses are suffering losses.
00:27 Rice retailer Erwin Gokong Jr. bought his stock of imported rice for 50 pesos per kilogram
00:34 only to sell at a loss of 5 pesos.
00:36 He calls on the government to carry out measures as they could no longer afford losses from the price cap.
00:43 Cebu City has only 8 retailers listed as beneficiaries of the one-time cash aid.
00:56 Data shows at least 40 retailers in Carbon Market alone
01:00 and the government said others will be included in the next batch of payout.
01:04 For the entire Central Visayas, the list only shows 87 retailers as beneficiaries.
01:10 But is 15,000 pesos enough amid mounting losses?
01:14 Retailers say they lose 250 pesos per 50-kilogram sack of rice.
01:20 They usually buy 100 sacks for stock, which translates to a loss of 25,000 pesos.
01:26 From Carbon Market in Cebu City, Dale Israel, CNN Philippines.
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