00:00Farmers are worried about their income in 2025.
00:06This is followed by an announcement by the Agriculture Department
00:09that rice will be cheaper in January.
00:12This is what Sandra Aguinaldo is talking about.
00:17If the rice is 52 now, it should be 48 by January.
00:23If the rice is 50 now, it should be 45 by January.
00:26These are my estimates.
00:28This is an announcement by the Department of Agriculture
00:31that rice will be cheaper in January.
00:36We have a lot of stocks.
00:38The stocks that were imported and bought expensively are running out.
00:41But the problem is,
00:43we bought a lot of local rice
00:46at a very high price of Php 30 per kilo
00:50from January to June of this year.
00:53We still have a lot of stocks.
00:54So, I think it will run out by November.
00:59According to the Department of Agriculture,
01:02the price of rice is nearing
01:04from the end of October to December.
01:06This coming rice is about 8 to 9 million metric tons.
01:14Hopefully, we will reach a higher price
01:17if we buy rice for Php 23.
01:22That's when the price of rice will drop by January.
01:27This is also the belief of the Federation of Free Farmers.
01:31The question is, will the price of rice remain low?
01:35Our rice has already arrived.
01:37So, even without the tariff cuts,
01:40the prices will naturally go down.
01:43We don't see any reason why the DA is so obsessed
01:50with bringing down the prices of rice
01:53when they are not the ones pushing it.
01:56The next question is,
01:58how about after January?
02:00Will the price of rice remain low?
02:02But if good news for those who are choosing to lower the price of rice,
02:07the DA announced that he expects to reduce the income of Filipino farmers
02:11in the near future.
02:13Millers and traders should buy lower-priced rice.
02:18So that they can get the Php 7.
02:23Now, traders are buying rice from farmers because it's harvest time.
02:28So what's happening now is that they are lowering the price of rice
02:32so that they can be sure that when October or November comes,
02:36they will still earn.
02:37In Pauay, Ilocos Norte,
02:39some farmers are already saddened by the GMA Integrated News.
02:44We are having a hard time farming.
02:46The rice we are buying is expensive.
02:51According to the data collected by GMA Integrated News Research,
02:55the price of imported regular milled rice went up to Php 5,
02:59while the price of well-milled rice went up to Php 3.71
03:03since the price of imported rice went down.
03:06But the local regular milled rice only went down by Php 72
03:11and the well-milled rice went down by Php 53.
03:14Kapwa was insisted by the Sinag and Federation of Free Farmers
03:17that it was not the Executive Order 62
03:20that lowered the rice tariff
03:22on imported rice that should be compensated for the price drop.
03:27The EO should have lost its visa.
03:30According to the FFF,
03:32since President Marcos signed the EO 62 in June,
03:36the price did not go down
03:38on imported rice with a lower tariff.
03:42Instead, rice importers are earning Php 5 billion,
03:47said Montemayor.
03:48If the cheap imports are still included because of the tariff cuts,
03:52it's like an overkill.
03:54The importers who were saved from the tariff cuts
03:58are playing for Php 6 per kilo.
04:01We asked Malacanang and the Department of Agriculture for a reaction.
04:06For GMA Integrated News,
04:08Sandra Aguinaldo, Katutok, 24 Hours.
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