00:00The Department of Agriculture recommended to reduce the rice production by 15%.
00:07According to Agriculture Assistant Secretary Arnel De Mesa,
00:11there is a need to increase the supply of imported rice.
00:15This is far from being enough for the production of rice, beans, and the next batches.
00:21As a reminder, more than P10 billion has been invested in rice production.
00:26In this way, it will also ensure that the price of rice will not drop.
00:3235% of the normal rice tariff before the Executive Order No. 62 is implemented.
00:40As of now, we are expecting that our production will decrease.
00:50We still need additional imports so that our volume of stocks will not decrease.
00:59Assuming that the tariff will increase by 35% from 15% and imports will increase,
01:09surely there will be a cost spike in the price, which we do not want at this time.
01:16Especially since our next harvest is in March and April.
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