00:00In Kadiwa Stores, where you can buy Php 36 per kilo of rice.
00:05This is Claycel Pardilian of PTV with the news for Pambansa Live.
00:10Claycel.
00:11Princess Alan can now buy Php 36 worth of rice in more Kadiwa Stores this Sunday.
00:20According to Agriculture Secretary Francisco T. Laurel Jr.,
00:25the sale of Php 40 worth of rice started at two nearby stores in Metro Manila last week.
00:30But the DA did not announce it because it was just a trial.
00:34He was positive about the public's acceptance, so the agency expanded.
00:38The Php 40 worth of rice is imported rice.
00:41It's crushed, but it's white.
00:43Php 36 per kilo.
00:45It's more affordable than Php 40 worth of rice for all.
00:50According to T. Laurel, this will give more to the consumers.
00:55People are looking for it because it's being sold for Php 36.
00:59This week, we will finalize and roll out.
01:03Since it was successful and people liked it in selected areas,
01:12we have to plan how to roll it out and ensure that we have enough stocks.
01:18In order to lower the price of rice and to stop the farmers from buying,
01:22the Agriculture Department will set a maximum suggested retail price for imported rice.
01:28There should be no Php 60 worth of imported rice in the market.
01:32Php 60 worth of imported rice is already profiteering, in my opinion.
01:36The DA will cooperate with rice stakeholders,
01:39Department of Trade and Industry, DILG,
01:42Investigation and Internal Revenue Bureau, and BNP.
01:47Clearly, it's in the price act or in the profiteering angle.
01:51We will use the consequences of labeling as profiteering.
01:59Alang Princess Fargat will release the MSRP before the end of January.
02:05That is the latest news. Let's go back to the studio.
02:11Thank you very much, Clayzel Fardilya.
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