00:00It is expected that the price of rice will drop significantly in January next year.
00:05This is what Agriculture Secretary Francisco T. Laurel, Jr. has seen,
00:09which is affected by Executive Order No. 62, which reduces tariffs on agricultural products.
00:15According to Calihim, the demand for rice is usually high in the months of December,
00:20which is also usually affected by the price.
00:23That is why it is possible that the price of rice will continue to fall in January.
00:28Since October, the agency has been the first to monitor the price of rice during the rainy season
00:37to ensure that farmers are not left behind.
00:41It is coming and we can see that the price is going down
00:46because we have already seen P42 in five families here in 13 markets
00:54that are monitored by the Department of Agriculture,
00:58which is P3 lower than P45 of the local regular milled rice.
01:04We're already seeing this kind of decrease.
01:08It's coming to P50 in the past months.
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