00:00President Ferdinand R. Marcos Jr. believes that the price of rice will continue to fall.
00:06This is also a consequence of the government's actions.
00:10Kenneth Paciente is back.
00:14It's a big blow for Gene that the price of the rice he's buying is falling.
00:20Before, the price was 58 pesos, but he bought it for 57 pesos.
00:26It's a big blow for me because it's an additional peso for my son.
00:30This is a blow for mommies like Gene
00:34that President Ferdinand R. Marcos Jr. wants to continue.
00:37At a sectoral meeting in Malacanang, which was led by the Executive Board,
00:41he also gave confidence to the government that the price of rice will continue to fall.
00:47According to the President, there is a high possibility that the price of rice in the country will be projected,
00:53especially since it's not far from the price trend in Southeast Asia.
00:56That's why the President believes that the price of rice will continue to fall.
01:03The government also assured that the banks will continue to lay off people
01:06so that the food inflation will decrease, 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 will be able to replace their needs.
01:22This also includes speeding up the unloading of imported rice.
01:26According to the Presidential Communications Office,
01:28imported rice decreased by 15% or 7 pesos per kilo
01:32because of Executive Order No. 62 signed by President R. Marcos Jr.
01:37It's already strong.
01:38It's not like before when people only bought per kilo.
01:42Before, now, there are 25 kilos.
01:46It's already expensive to buy.
01:48The President will also focus on the price of pork
01:51by speeding up the rollout of the vaccine against African Swine Fever.
01:56The same goes for sugar by focusing on local sugarcane supply
02:00and reducing the effect of armyworm infestation.
02:04Kenneth Paciente for Pambansang TV in Bagong, Philippines.
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