00:00The Department of Agriculture has already declared a food security emergency on rice.
00:04Details on the national news of Clayzell Partilla of PTV Manila.
00:08Joshua, the Agriculture Secretary, Francisco Tiola, has already declared a food security emergency on rice.
00:19Today, following the recommendation of the National Price Coordinating Council,
00:24it aims to achieve a very high rice price in the markets.
00:29According to Department Circular No. 3 of the Agriculture Department,
00:34the National Food Authority will allow the sale of cheap rice to local governments
00:40that can be used as aid or for sale to the public and the President's allies.
00:46This is aimed at influencing and stabilizing the price of rice in the markets.
00:52Based on the text message sent by the NFA Administrator Larry Lackson,
00:58they are increasing the supply of NFA rice to the NCR
01:02so that NFA rice can be exported here first
01:05because Metro Manila is known to have high prices of rice.
01:12Aside from that, Joshua, this hackbang will also help to expand the NFA warehouses
01:18and provide a way for new rice to enter the harvest season.
01:24The NFA has 700,000 sacks of rice as of February 1,
01:29which is expected to be non-regular or old stock.
01:33The national food emergency will last until the price trend for rice improves.
01:39That is the latest news. Back to you Joshua.
