00:00The supply of rice is running out fast.
00:03It was sold for 40 pesos on the first day of the Rice for All program.
00:10The problem is, many people are hoping for it, but no one bought it because the supply is running out.
00:18Bernadette Reyes is right.
00:21More than an hour after opening, 40 pesos of rice was sold out this morning
00:29in Pasay City Public Market under the Rice for All program of the Department of Agriculture.
00:35It's a waste. It's running out.
00:38The other rice here is in the 50 plus.
00:41If I could reach it, I would have bought it, but it's gone.
00:46There are many people who want to buy rice.
00:51I ordered again because there are many people looking for it.
00:54It was also sold out in New Las Pinas Public Market and Malabon Central Market.
00:59That's just the turnaround time. That's what we need to improve.
01:04We have stocks. We have a lot of stocks.
01:06In Kamuning Market, aside from the Rice for All program,
01:09many rice retailers are also selling rice worth 40 pesos per kilo
01:14which is a big deal for the buyers.
01:16As long as there is a supply that can be given to them, they will be able to buy it.
01:21I am buying rice worth 58 pesos.
01:23This is a big deal.
01:2640 pesos.
01:27I am buying rice worth 58 pesos.
01:30I am also buying ricado, garlic, and onions.
01:34Retailers in Guadalupe Public Market are also sharing the cheap rice
01:38so that more customers can sell it.
01:41So that they can sell it faster.
01:42Of course, people are looking for rice worth 40 pesos.
01:46That's a big deal.
01:47But as more people are able to buy cheaper rice,
01:50retailers are affected by the fact that they cannot sell cheap rice
01:54because their income from the suppliers is high.
01:57The challenge for them is, of course, if the costumers reduce their income.
02:01And of course, there should be coordination.
02:04We also want to lower the price of rice.
02:09Eventually, we can further talk about what is the best thing to do.
02:15In the middle of the rapid sell-out of cheap rice,
02:18the DA said that it is not up to them to sell it at a higher price.
02:25As of now, the National Food Authority cannot sell rice under the Rice Tarification Law
02:32except during calamities or emergencies.
02:35Or before the rice is damaged or unfit for human consumption.
02:39This is what is being sold now in rice farmers' centers for 29 pesos per kilo.
02:45This is a big help for the old rice farmers.
02:50Now, the rice and rice in the warehouse is worth 5.389 million pesos.
02:57If we don't sell it on a regular basis, it will go down.
03:02At the same time, the negative effect is that we cannot buy rice from rice farmers
03:10because our warehouse is full.
03:13For GMA Integrated News, Bernadette Reyes, Nakatuto, 24 Hours.
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