00:00Part of the slowdown in the price of rice is due to the decline in the price of rice according to the President.
00:07But some groups of farmers say that this is not felt in the markets.
00:12Mark Salazar was in touch with us.
00:18A success that should be celebrated according to President Bongbong Marcos
00:22is the decrease in inflation or the rapid increase in the price of rice.
00:27From 4.4% last July, it's only 3.3% this August.
00:33Rice and meat are the two prices that fell the most.
00:38In the monitoring of the Philippine Statistics Authority,
00:41the slowdown in the price of rice in the markets is starting to occur.
00:47In the special rice, the drop average is around 80 cents per kilo.
00:53In the well-milled rice, the drop average is around 40 cents per kilo in the last 45 days.
01:05It's the same in the regular rice.
01:07The Department of Agriculture said that 45 pesos per kilo of regular and well-milled rice can be bought in the markets.
01:15In some places, they are selling it for 42 pesos.
01:19According to Sec, by October, the effect of EO62 will start to be felt.
01:26It is also seen that the slowdown in inflation is due to the decrease in the price of some vegetables,
01:32especially tomatoes, some kinds of fish, especially catfish.
01:36But stakeholders in agriculture are asking, where is the cheap rice?
01:42If we look at the market, the regular mill is disappearing.
01:48We are going around, and what's left is the well-milled rice and the special rice.
01:55So, that means that if we can see in the average, the price will increase in the market.
02:04For a large number of our consumers,
02:09they don't feel that the government is mentioning that the inflation has dropped by 3.3 percent.
02:17The data can be used as an excuse because if we go to the market, we can see that the price of rice is still high.
02:27We intended to receive the DA to get their reaction, but the spokesperson is not available.
02:33We are also taking the Panig of Malacanang.
02:36For GMA Integrated News, Mark Salazar.
02:41Stuck for 24 hours.
02:47.
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