00:00Vendors were pleased with the camera's analysis that the price of rice can be lowered in the country
00:06if they want to have a sufficient supply of rice that they are selling.
00:11Sir Bernard Ferrer of PTV in Balitang Pambansa Live.
00:15Bernard.
00:19You're right there, the rice sellers are positive.
00:24In the plan of the Super Committee on Food Prices
00:28that the price of rice can be lowered
00:30and the rice can be sold as muggling, hoarding, and profiteering.
00:37Jason was pleased with the plan of the Super Committee on Food Prices
00:41that the price of rice can be lowered to a more affordable price.
00:45The target is to be close to 20 pesos per kilo.
00:48For him, it will have a good effect on the prices he will choose.
00:53But he needs to be sure that there is a sufficient supply of rice
00:56that he will give to the people he sells.
01:00I always offer my rice to my customers.
01:04That is one of my objectives when I sell.
01:08So I don't have a problem.
01:13According to Alvay Second District Representative Joey Salceda,
01:17it is possible to lower the price from 29 to 30 pesos per kilo
01:22by targeting middlemen, cartels, and those who are involved in the rice trade sector.
01:27Despite the tariff reduction in July, the price of rice still increased
01:31and the manipulation of the price from 2012 until now is being investigated.
01:36Their aim is to catch smugglers, hoarders, and profiteers
01:40so that these kinds of activities can happen.
01:42Salceda added that based on the farm gate price of Central Luzon
01:46the price of milled rice should be at 37 pesos per kilo
01:51but the price in the market is still higher.
01:54It is expected that before Christmas,
01:56a recommendation will be issued to President Ferdinand R. Marquez Jr.
02:01to help fight price abuse as a Christmas gift to the Filipinos.
02:07Some of my customers admitted that
02:10lowering the price of rice will have a big effect on their income
02:16but they are prepared to accept it
02:18as long as there is a sufficient supply of rice in the market.
02:23Back to you, Ace.
02:24Thank you very much, Bernard Ferrer.
