00:00It is now effective to set aside P55 as the maximum suggested retail price for imported rice.
00:08That is what Vell Custodio reported.
00:12Five family members are being fed by Edwin, the minimum wage earner.
00:16That is why he is spending a lot on setting aside P55 as the maximum suggested retail price for imported rice.
00:23It is better to set aside P55 as the maximum suggested retail price for imported rice.
00:28If the price is high, consumers will not be able to afford to buy rice.
00:34MSRP is being lowered to P55, which is 5% broken imported rice.
00:39MSRP started from P58 starting today.
00:43According to the Department of Agriculture, it is important for MSRP to be lowered
00:47to start food price inflation, particularly for basic commodities such as rice.
00:52The DA's plan is to lower MSRP for the coming weeks,
00:57according to the directive of President Ferdinand R. Marcos Jr.,
01:00to make the rice price for food security affordable for the masses.
01:04It will be lowered by February 5 to P55, by February 15 to P52,
01:10and by March 1, the highest price for imported rice in the market should be P49.
01:17Aside from this, the Rice for All program is also available by the President in some public markets and train stations,
01:23which can be purchased for P29 to P38, depending on the class.
01:27According to the seller, the price of rice has been lowered since Kadiwa Kios entered
01:32because the price of rice in the market is competing with the price of Rice for All.
01:36The National Food Authority also started the release of NFA Rice Tax,
01:40following the declaration of the National Food Emergency on rice.
01:44The agency lowered the price of NFA from P35 to P33 per kilo.
01:50Only 53 letters were sent by NFA to LGUs,
01:54where Metro Manila and Cavite LGUs reached the interest to get NFA Rice Tax.
01:59100,000 metric tons of NFA was sent in the next 6 months.
02:04NFA can be sold to LGUs for P35 per kilo starting next week.
02:10NFA Rice is also available in Kadiwa Kios until next week.
02:15Vel Custodio for Pambansang TV in Bagun, Philippines.
