00:00The National Food Security Emergency has been declared in Martes.
00:05According to Agriculture Secretary Francisco Tio Laurel Jr.,
00:09he has already received a resolution,
00:11which states that the NFA RISE will start selling rice to the whole country as soon as possible on Wednesday
00:17with the help of local governments and government agencies.
00:23Laurel is determined that this will not only help to lower the price of rice in the market,
00:28but also to prepare the farmers for the future.
00:36I received my office yesterday while I was still in the U.S.,
00:40the resolution that I have to sign as part of the board.
00:49Then by Tuesday, we will be declaring the RISE emergency.
00:55I will be meeting with the NFA, actually with FDI and KADIWA
01:00to look at the plans on the rollout.
01:04But most likely, that's how it will be.
01:06Well, number one, that is very welcome
01:09because the warehouses will be reduced
01:12and we will be happy that the farmers will be able to buy NFA rice from them
01:19because they have a warehouse.
01:20And releasing 300,000 tons of rice to the market within six months,
01:27I think will ease the, you know, soften the market,
01:32and hopefully lower the price of rice.
01:35Let's look at it as Luzon.
01:38It's still Luzon because it still has the most supply.
01:41Although in Mindanao, in the Sultan Kudarat area,
01:44there are a lot of stocks there, so a lot will be released there.
01:48Actually, there are a lot of stocks in Iloilo.
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