00:00Good morning, this is the PTV Balita Ngayon.
00:07President Ferdinand R. Marcos Jr. supported the declaration of the Food Security Emergency to address the high price of rice.
00:15According to President Marcos, the government did everything to lower the price of rice but the price of rice is still high in the markets.
00:24The Department of Agriculture is just waiting to receive the resolution of the National Price Coordinating Council
00:30that calls for the implementation of the Food Security Emergency.
00:34At the time that the country is already under the Food Security Emergency,
00:38the National Food Authority will allow the sale of non-regular or old stock of rice to local governments
00:45that can be used as aid or sold to the public even if there is no storm or flood.
00:49There are 300,000 to 700,000 rice bags that can be exported by the National Food Authority
00:54that are said to help lower the price of rice from P3 to P5 per kilo.
01:02According to the official news, the Department of Agriculture will start on Monday, January 20,
01:06the implementation of the Maximum Suggested Retail Price or MSRP.
01:11The price of each kilo of imported rice is P58 with a 5% discount.
01:17The goal of this initiative is to lower the price of rice and maybe it can be reached for those who choose.
01:23According to the DA and the Department of Trade and Industry,
01:26businesses that can prove to be affected by the price of rice can be fined or jailed.
01:34And those are the news for this time.
01:36For other updates, follow and like us on our Facebook and X in ATVB PH.
01:41I am Rod Laguzan for Pambansang TV in Bagong, Philippines.
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