00:00It is expected that the price of rice will drop significantly in the month of January next year.
00:04This is what Agriculture Secretary Francisco T. Laurel, Jr. has seen
00:08as a result of Executive Order No. 62
00:11which reduces tariffs on some agricultural products.
00:14Kalihim said,
00:15the demand for goods in December is usually high
00:19which is usually also affected by the price.
00:21That is why it is possible that in January,
00:23the price of rice will drop completely
00:25from October when the agency first announced it.
00:28At the same time, the DA will closely monitor
00:31the price of rice during the rainy season
00:34to make sure that the farmers are not left behind.
00:39It is slowly coming and we can see that the price is going down
00:44because we have already seen that the price of rice dropped to P42
00:49in five families here in 13 markets
00:52that are monitored by the Department of Agriculture
00:56which is P3 lower than P45 of the local regular meal price.
01:02We are already seeing this kind of drop
01:06coming in at P50 last month.
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