00:00The Agriculture Department promised that they will ensure that businesses will follow the 58 pesos per kilo
00:06which is the maximum retail price for imported rice.
00:09This is what Isaiah Mirafuentes reported.
00:12In the last public market, Aurelia is buying rice.
00:17And she has a vegetable vendor that she often visits.
00:19And what she always buys is imported rice.
00:23She says it's delicious.
00:24It seems like it has the aroma of coconut.
00:27But for her, the price of rice is too high.
00:31It's better if it goes down so that the budget fits.
00:37And starting today, the Department of Agriculture will set the maximum suggested retail price for imported rice.
00:44According to the DA, the most expensive imported rice is already 58 pesos.
00:49Before this, imported rice is worth 65 pesos.
00:56It's mandatory in a sense because there was an agreement.
01:01In a way, we are monitoring that because we will release guidelines
01:06because as of now, we are still planning the guidelines.
01:10So in a way, we are not implementing the strictness yet.
01:15The Department is also ensuring that supermarkets will follow the price of imported rice.
01:22Specialty rice varieties such as malagkit, Japanese rice, and black rice are not included in the policy.
01:29MSRP also has a balance of 10 pesos per kilo nominal profit margin for landed costs of imported rice.
01:37Aside from this, the previous 40 pesos of rice can now be bought for 38 pesos under the leadership of President Kiyosk.
01:46These are the RFA25 or 25% broken rice.
01:51The 45 pesos of rice or the 5% broken rice can also be bought under the leadership of President Kiyosk.
01:57The so-called cheap rice is also available for 36 pesos.
02:01And the aging but good quality rice stock of the NFA is for 29 pesos.
02:07The Department of Agriculture is also encouraging Metro Manila mayors
02:11to make the government's cheap rice available to all public and private markets in Metro Manila.
02:18Kagawara also said that it is possible this week that there will be a resolution
02:23organized on the food security emergency that will be declared throughout the country.
02:27There will only be two basis of this food security emergency,
02:31the rice shortage and the extraordinary increase in rice prices.
02:34There is no problem with the rice shortage. We don't have that scenario right now.
02:39The only thing we are looking at is the extraordinary increase in prices.
02:44The DA is also hoping that Kadiwa Stores will be expanded throughout Metro Manila.
02:49And through these projects, the price of rice will be lowered.