00:00It is expected that 35 pesos per kilo of rice will be able to be bought in the next few days.
00:05According to the Food Security Emergency,
00:09the National Food Authority or NFA will be able to export the rice they have imported.
00:14According to the NFA, Kadiwa Centers will be able to buy 35 pesos per kilo of rice.
00:19According to the NFA, they lost 12 to 15 pesos per kilo in that price.
00:24But the Agriculture Department said that this must be done
00:27in order to lower the price of rice and to expand the NFA's warehouses
00:32when new rice arrives.
00:34According to the Federation of Free Farmers Cooperative,
00:37the income of farmers will also be affected
00:40because the price of rice will drop from 17 to 18 pesos.
00:44What the government should do is to chase away the profiteers
00:48or those who interfere in pricing.
00:50The rice that has a maximum suggested retail price of 58 pesos per kilo
00:55will be reduced to 55 pesos per kilo of rice by the World Market.
01:00It will start tomorrow in Metro Manila.
01:03On February 15, it will be implemented throughout the country.
01:25For more UN videos visit www.un.org
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