00:00 The National Food Authority or NFA Council set a price range for the sale of rice to
00:10 increase the income of farmers.
00:12 What will be the price of rice?
00:15 In a meeting called by President Ferdinand Bongbong Marcos Jr. with the NFA Council,
00:21 the price range of rice was discussed.
00:24 It was decided that the price of dry rice would range from Php 19 to Php 23, while the
00:32 price of wet rice would be Php 16 to Php 19.
00:37 At present, the price of rice is Php 16 to Php 19.
00:42 I called a meeting of the NFA Council to see what can be done to reduce the price of buying
00:53 rice.
00:54 We decided that the buying price of dry rice would be Php 19 to Php 23, while the price
01:00 of wet rice would be Php 16 to Php 19.
01:04 We are doing this to ensure that the price of rice will be reduced.
01:10 The price of dry rice is Php 19 to Php 23, while the price of wet rice is Php 19 to
01:18 Php 19.
01:19 This is what we are doing to ensure that we can provide a better livelihood to our farmers.
01:29 The production cost of farmers is Php 14 to Php 15.
01:37 They have their own income.
01:40 Aside from that, the price cap is already there so we can calm down the rice prices.
01:48 According to Marcos, this is to provide a better income for farmers in the country.
01:54 The first proposed buying price of rice is Php 20 to Php 25, but it is too high according
02:01 to the NFA Council.
02:03 As far as farmers in the poorest sector of the country, according to the Philippine Statistics
02:09 Authority or PSA.
02:11 I'm Amy L. Ordonez.
02:12 I stand for truth.
02:14 [MUSIC PLAYING]
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