00:00Continued implementation of the maximum suggested retail price for premium imported rice.
00:06The Department of Agriculture assured that the provinces will also be included in this.
00:11The details in the national news of Isaiah Mirafuentes of PTV Manila.
00:1750 kilos of rice is what the Meya's family needs to buy every month.
00:21There are four of them in their house who are sharing their food.
00:26And here in Tandangsora Market, she is buying rice.
00:29Actually, the price of rice now is a bit lower compared to last year.
00:34It's really high.
00:36If your salary is minimum wage like last year, you really won't be able to afford it.
00:42Now, it's a bit lower, no matter what.
00:44Today is the third day of the implementation of the maximum suggested retail price for premium imported rice.
00:50Since Monday, the Department of Agriculture implemented the 58 pesos maximum suggested retail price for rice.
00:57It means that 58 pesos should be the most expensive imported rice that is sold in the markets.
01:03It's a bit lower.
01:06Our imported rice is 3 pesos lower.
01:10Before, it was 58 pesos. Now, it's 55 pesos.
01:13This MSRP is currently being implemented in the entire Metro Manila.
01:18But the DA promised that it will also be implemented in the provinces.
01:22The DA said that they won't be too strict in implementing the maximum suggested retail price.
01:28But they will always monitor the prices of rice in the markets in Metro Manila.
01:34To be clear, this is only a suggested retail price and not a price ceiling for rice.
01:39The DA also assures that the supermarkets are following the prices of imported rice.
01:46It's really expensive, boss.
01:49How expensive?
01:50It's expensive. Rice is expensive now. I thought it would be lower, right?
01:53So, what we earn every day, if you include rice and vegetables, it's really not enough.
02:01It's just a bit. It needs to be lowered a bit so that our lives in the Philippines will be better, right?
02:09Specialty rice varieties such as malagkit, Japanese rice, and black rice are not included in the policy.
02:17MSRP also includes 10 pesos per kilo nominal profit margin in the landed cost of imported rice.
02:25Aside from this, President Quilloz continues to support some families in Metro Manila
02:31who are selling imported and local rice.
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