00:00President Ferdinand R. Marcos Jr. believes that the price of rice will continue to go down.
00:06This is also a follow-up to the government's spread rumours.
00:09Kenneth Pacientes is in the center of the news.
00:14It's a big blow for Gin that the price of the rice she's buying is going down.
00:19Before, the price was 58 pesos.
00:22She bought it for 57 pesos.
00:25It's a big loss.
00:27It's an additional peso for my child.
00:30It's a big blow for Gin that the price of the rice she's buying is going down.
00:33It's a big blow for Gin that the price of the rice she's buying is going down.
00:37At a sectoral meeting in Malacanang, which was led by the Executive Board,
00:40she also gave confidence to the government that the price of rice will continue to go down.
00:46According to the President, there's a high possibility that the price of rice in the country will go down,
00:52especially since it's not far from the price trend in Southeast Asia.
00:56That's why the President believes that the price of rice in the Philippines will go down.
01:02The government also assured that it will continue to spread rumours
01:05so that the food inflation will go down, especially rice.
01:09The Rice Competitive Enhancement Fund, or RCEF, will expand until 2030,
01:15where farm input vouchers will be made possible for farmers
01:19so that they can replace their needs.
01:21This also includes speeding up the unloading of imported rice.
01:25According to the Presidential Communications Office,
01:27imported rice went down by 15% or 7 pesos per kilo
01:32because of the Executive Order No. 62 signed by President Marcos Jr.
01:36It's already high.
01:37It's not like before when people only bought per kilo.
01:41Before, now, there's 25 kilos.
01:45People are already buying in bulk.
01:47The President is also targeting the price of pork
01:50by speeding up the rollout of the vaccine against African Swine Fever.
01:55The same goes for sugar by targeting the local sugarcane supply
02:00and reducing the effects of the armyworm infestation.
02:03Kenneth Paciente, for Pambansang TV, in Bagong, Philippines.
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