00:00 Almost 70% of rice retailers followed President Marcos' price cap.
00:06 According to the businessmen, the government's assistance of P15,000 helped them.
00:12 In the center of the news, Kleizel Pardilla.
00:15 Angelic, consumers are saving a lot.
00:22 They can buy 41 to 45 pesos per kilo of rice,
00:27 according to the price ceiling, but until when will you keep the price cap?
00:31 Even if it's broken, Ms. Beneng is already giving 41 pesos for regular meal rice.
00:39 This is the cheapest rice in Camoning Market and it's within her budget.
00:44 As long as it's edible, don't make it bad.
00:47 Of course, you have to divide your money, you have to pay for it every week.
00:53 In the price monitoring of the Department of Trade and Industry,
00:57 the average price of regular meal and well-mealed rice has dropped by 5 pesos
01:02 almost three weeks since the price cap was implemented.
01:05 The regular meal used to be 47 pesos per kilo, now it's only 42 pesos.
01:12 The well-mealed rice was 50 pesos before, now it's only 45 pesos.
01:18 According to DTI, 87 percent of rice retailers in the country are following the price cap.
01:25 41 for RMR and 45 for WMR.
01:29 We can see that the monitoring and the price cap are effective.
01:36 We can more or less see the trend that compliance is increasing.
01:41 In that regard, we can say that it's successful.
01:46 They were able to help in providing 15,000 pesos of assistance to rice retailers affected by the price ceiling.
01:54 If there's a loss of rice, if there's nothing we can give, then that's okay.
01:59 That case meal is a big thing for us.
02:04 But until when will the price cap be implemented and will rice retailers endure?
02:10 DTI said that the agency and the Department of Agriculture will give recommendations to President Ferdinand R. Marcos Jr. next week.
02:21 What factors can be considered in jointly recommending whether or not to lift the EO39 price ceilings,
02:30 I suppose that includes the increase in compliance rate,
02:34 if the price of the two rice varieties we monitor is decreasing, and if there's a simultaneous increase in supply.
02:44 We can see many favorable circumstances that augur well for a recommendation to lift EO39 price ceilings.
02:59 Angelique, the agriculture industry is recommending to lift the price cap by the end of September.
03:07 It is expected that the price of well-mealed rice will drop from P42 to P44.
03:14 That's cheaper than the price cap when the peak season comes.
03:21 Angelique?
03:22 Yes, Clayzel.
03:23 Is the government monitoring those who were given P15,000 for their continued sales?
03:31 Or maybe some of them have already closed so that the P15,000 can be used up.
03:38 What is their monitoring?
03:44 Angelique, the Department of Agriculture and Department of Trade and Industry are monitoring the major markets in Metro Manila and the whole country.
03:55 While we were in Palenque, we saw a DA staff who is monitoring the price cap.
04:03 One of the conditionalities to be given P15,000 is to have a rice store.
04:12 The second condition is if you are selling P41 to P45 per kilo of rice.
04:19 According to DTI, there are already 4,500 small rice retailers,
04:25 including those who sell rice in the sari-sari stores, who are selling at the price cap.
04:33 Angelique?
04:34 Okay, thank you very much, Clayzel Pardilla.
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