00:00President Ferdinand R. Marcos Jr. believes that the price of rice will continue to go down.
00:05This is also a follow-up to the government's spreaded rumours.
00:09Kenneth Paciente, for ULAT.
00:14It's a big pity for Jean that the price of the rice that she's buying is going down.
00:20Before, the price was P58.00, but she bought it for P57.00.
00:26It's a big loss, because it's an additional P1.00 for my child.
00:30This is a bitter experience for mommies like Jean
00:34who want President Ferdinand R. Marcos Jr. 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 go down.
00:47According 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 will go down.
01:02The government also promised to continue to spread rumours
01:06so 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.
01:22This also includes speeding up the unloading of imported rice.
01:26According to the Presidential Communications Office,
01:28imported rice went down by 15% or P7.00 per kilo
01:32because of Executive Order No. 62 signed by President Marcos Jr.
01:37It's already high.
01:38It's not like before when people only bought per kilo.
01:42Before, there were 25 kilos.
01:45Now, they buy 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 mitigating the effects of armyworm infestation.
02:03Kenneth Paciente, for Pambansang TV, in Bagong, Philippines.
