DA imposes max SRP for imported rice at P58/kg beginning Jan. 20

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Transcript

00:00The Department of Trade and Industry is monitoring the prices of prime commodities

00:04to possibly come up with measures to prevent them from spiking too much.

00:09However, due to the prevailing situation in the country, the DTI revealed there's a possibility

00:14that prices of some basic goods will increase but assures the hike will not reach 5%.

00:20BTV's Isaiah Merafentes has more.

00:23Aliza goes to the grocery store twice a month.

00:28Since many are living with her, she tries to limit their grocery budget monthly

00:33and she's worried prices of basic commodities might increase.

00:42But according to the Department of Trade and Industry,

00:45the prices of goods may possibly increase but the agency assured it won't go beyond 5%.

00:53Bread, sardines, noodles, coffee and milk are seen to high cost.

01:10Meanwhile, the Department of Agriculture will set a maximum suggested retail price or SRP

01:16for imported rice at 58 pesos per kilo starting January 20.

01:23Currently, the price of imported rice reaches up to 65 pesos a kilo.

01:33The DA will also coordinate with supermarkets to ensure

01:36max SRP for imported rice will be followed.

01:39The DA has also started selling surit rice at 36 pesos per kilo.

01:44This aims to bring down rice prices.

01:54A full launch of surit rice is expected in the coming days.

02:03From BTV Manila, Isaiah Merafentes, Balitang Pampansa.

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