00:00It is expected that the commercial rice price will fall to Php 49 per kilo by March 1, according to Agriculture Secretary Francisco T. Laurel Jr.
00:11It is expected that the new stock of rice will arrive from Vietnam, Myanmar and Cambodia.
00:17The DA has also asked the rice importers, traders and retailers where the government asked to lower the price to a more reasonable price.
00:28It is also expected that the price of rice will fall in the world market.
00:32President Ferdinand R. Marcos Jr. has ordered that the imported rice should be removed from the market to lower the price of commercial rice.
00:44By February 15, our MSRP will be Php 52.
00:50And by March 1, hopefully they will be able to buy new stocks from Vietnam, Myanmar or Cambodia that are cheaper.
01:01So our MSRP by March 1 is Php 49.
01:05So the premium 5% broken rice that used to be Php 64 should be reduced to Php 49 by March 1 as MSRP.
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