00:00At this point, let's go back to Christian Bascones' report regarding the declared National Food Security Emergency. Christian.
00:09Yes, Alan. The Filipinos are close to feeling this cheap rice.
00:15This is in accordance with the declaration of the National Food Security Emergency on Rice by the National Food Authority yesterday.
00:21The National Food Authority agreed with all participating LGUs across the country
00:27to immediately send the allocation to them.
00:30It is estimated that 150,000 metric tons of rice will be sent to local governments.
00:38The NFA will sell the rice to LGUs for P33 per kilo.
00:44And the LGUs can sell it to those who can afford it up to P35.
00:50The NFA expects that it will start selling next week.
00:56The Department of Agriculture assistant secretary, Engineer Arnel De Mesa,
01:01who did not declare the DA of the Food Security Emergency on Rice due to the lack of stocks,
01:07but due to the high prices in the families.
01:12According to the NFA, compared to the first recommendation of the National Price Coordinating Council,
01:17which is P38 per kilo, it was lowered.
01:21He explained that the price will be lowered so that the NFA can have a space for storage
01:27as a preparation for the upcoming year.
01:31In the latest update of the NFA, 53 villages in the NCR were identified by the agency
01:38and they are waiting for other confirmations of other LGUs to implement this.
01:44And that is the update from the Department of Agriculture and NFA.
01:49This is Christian Vascones of PTB Balitar, Pambansa.
01:54Thank you very much Christian Vascones.
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