00:00I'm sorry, I don't know in terms of food security. We're all right, but
00:16we will just have to have to compensate for that.
00:30We just came out of El Nino, although during the El Nino time we had the highest production
00:39for that season. So that's going to be something that's going to be something that will require
00:52attention.
00:58I think so. Unfortunately, I just received a report from the DA. We will import close
01:09to 4.5 million tons, like 3.9 last year. The upper estimate is 4.5. But we have already
01:20in place the prices of rice, imported rice has come down significantly since last year.
01:28And we are not in competition like during the El Nino period. During the El Nino period,
01:33all Asian countries were hit. That's why the price went up because everyone is buying.
01:40Here, because we're getting lucky, we're the only ones getting hit. We were hit, so we're
01:46not competing. So the prices are staying at about 400 plus, $400 per ton. So that's still
01:54a lot. So our imported rice should be at that price. Of course, we'll do everything
02:06to control the price of all the food, especially all of those products that have been damaged
02:13or destroyed by the people.
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