00:00The maximum suggested retail price of imported rice will reach P55 from today.
00:08The Department of Agriculture plans to lower the price next week.
00:13This is the detail of Vell Custodio of PTV Manila.
00:20Five family members are being fed by Edwin, the minimum wage earner.
00:24That's why he's holding the cost of P55, the maximum suggested retail price of imported rice.
00:31It's better if the price is like that for those who will buy rice.
00:36Because if the price is high, the consumers won't be able to buy high-quality rice.
00:42The MSRP of 5% broken imported rice was lowered to P55 from the previous P58 MSRP starting today.
00:51According to the Department of Agriculture, lowering the MSRP is important to reduce food price inflation,
00:57particularly in basic commodities such as rice.
01:00The DA plans to lower the MSRP next week, according to the directive of President Ferdinand R. Marcos Jr.,
01:08to make the price of rice for food security affordable for the public.
01:12It will be lowered by February 5 to P55, by February 15 to P52,
01:18and by March 1, the highest price of imported rice in the market should be P49.
01:25Aside from this, the rice for all program is also available by the President in some public markets and train stations,
01:31which can be purchased for P29 to P38 depending on the class.
01:35According to the seller, the price of rice has dropped since Kadiwa Kios entered,
01:40because the price of rice in the market is competing with the price of rice for all.
01:44The National Food Authority also started the release of NFA rice stocks,
01:48following the declaration of the National Food Emergency on rice.
01:51The agency lowered the price of NFA from P35, which can now be purchased for P33 per kilo.
01:58NFA sent 53 letters to LGUs, where Metro Manila and Cavite LGUs reached the interest to get the NFA rice stock.
02:07NFA sent 100,000 metric tons in the next 6 months.
02:12NFA can be sold to LGUs for P35 per kilo starting next week.
02:18NFA rice is also available in Kadiwa Kios until next week.
02:22From People's Television Network, Vel Custodio, Balitang Pambansa.
