00:00It is expected that the National Food Authority will issue the 700,000 sacks of rice this week.
00:07It is also in accordance with the declaration of the Food Security Emergency.
00:11Meanwhile, the price of rice is slowly falling.
00:17Vel Custodio of PTV, in Balitang Pambansa, live.
00:22Vel.
00:24It is expected that the price of rice will fall one week after the declaration of the National Food Security Emergency on rice.
00:36It is expected that the National Food Authority will issue the 700,000 sacks of rice this week.
00:43It is in accordance with the declaration of the National Food Security Emergency.
00:46The price of rice is slowly falling.
00:49One week after the declared declaration.
00:52If we go back, the negative inflation of rice is recorded based on the latest Philippine Statistics Authority.
00:59The Department of Agriculture spokesperson, Abnel Demesa, clarified that the declaration of the National Food Security Emergency on rice
01:06is in accordance with the increase in its retail price and not because of the lack of rice supply.
01:11The target of the initial distribution of NFA rice is to buy 33 pesos per kilo this week.
01:17Aside from the National Food Security Emergency, according to those who sell here in Kamuning Public Market,
01:22another reason for the price of rice to fall is due to the competition of the price of rice in the market
01:28in the Rice for All program of the President's government,
01:31where you can only buy 29 pesos to 38 pesos per kilo depending on the class.
01:37Alan, the harvesting season of onions has already started.
01:41Based on the projection of the Bureau of Land Industry, it may peak in March.
01:47That is why it is expected that it will increase its supply in the coming weeks.
01:52From People's Television Network, Vel Custodio, Balitang Pambansa.
01:58Thank you very much, President.
02:01Thank you very much, President.
