00:00The supply of rice in the U.S. has increased enough that the maximum suggested retail price has been lowered.
00:07Vel Custodio of PTV in Balitang Pambansa, live.
00:14Naomi, the price of rice has been lowered to 55 pesos from the maximum suggested retail price
00:20to 5% broken imported rice from the previous 58 pesos MSRP.
00:25At the same time, the price of rice is also decreasing because its supply is sufficient.
00:30According to the Department of Agriculture, it is important to lower the MSRP to reduce food price inflation,
00:41particularly in basic commodities such as rice.
00:44The DA also said that its target is to lower the price of rice to 52 pesos per kilo by February 15
00:50and to lower it to less than 49 pesos starting March 1.
00:56The National Food Emergency has issued a declaration on rice.
00:59The Land Transportation Office provided assistance to the cargo trucks that deliver rice,
01:05especially to those who deliver rice in areas where there is a shortage of rice or the price of rice is high.
01:12Due to the government's efforts under the leadership of President Ferdinand R. Marcos Jr.
01:17to make the rice supply more affordable and sufficient,
01:20the negative inflation of rice has been recorded for the first time in four years.
01:25Meanwhile, MSRP in rice is preferable to vendors.
01:30They are not ashamed of their loss because the President's leadership is reminded of this,
01:36which is why the rice revenue is also increasing.
01:40The rice supply is still at a high level.
01:42The other day, when the DAs were not here,
01:45we were having a hard time because the price of rice went up and down.
01:50The DAs are not good at this.
01:52It's better if it's regulated.
01:53Yes, it's better if it's regulated.
01:54It's better if it's regulated because they are the ones who are dictating it to us.
02:02Now, aside from rice, the Ministry of Agriculture is also studying the establishment of MSRP in pork.
02:08The DA will announce the MSRP in pork after the DA's study on this.
02:15From People's Television Network, Vel Custodio, Balitang Pambansa.
02:21Thank you very much, Vel Custodio of PTV.
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