00:00Officials of the Department of Agriculture and the Department of Trade and Industry
00:05in the markets in Metro Manila are on the move.
00:07This is to find out if the maximum suggested retail price for imported rice will be met.
00:14Denise Osorio is back.
00:18The plan is to lower the maximum suggested retail price or MSRP per kilo of imported rice
00:24according to the Department of Agriculture.
00:26After a week of implementation of MSRP for the sale of imported rice,
00:31the DA, Department of Trade and Industry and Manila City LGU
00:36conducted a price monitoring in Cartimar Market, Pasay City.
00:39According to DA Secretary Francis Tew Laurel,
00:42it is important to see if the rice is being followed by MSRP
00:46and if it is effective for the buyers.
00:49This is the real plan.
00:51Right now, it's at 58.
00:53It looks like many are following.
00:55Some are not.
00:56But by February 5, it will be 55 already.
01:00Then by February 15, we will lower it to 52.
01:04With the hope that by March 1,
01:07hopefully, we will break 50 and MSRP will be 49
01:11as long as world prices remain as is today.
01:16Tew Laurel added that it is possible to implement the sale of rice for all
01:20in supermarkets and convenience stores in March 1, 2025
01:24after discussing the spread of rice for all in other establishments.
01:29They'll sort out the details and come up with a plan,
01:33a more concrete plan.
01:35Then there will be a third meeting with me on how this will be implemented.
01:40Hopefully, this will be implemented by March 1.
01:46Meanwhile, new labeling rules will be issued by the DA
01:50to avoid overpricing.
01:52Special, premium, and fancy items will be removed
01:56and it will be a requirement to include specific and complete details
02:00of the rice that will be sold.
02:03Denise Osorio for Pambansang TV in Bagong, Philippines.
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