00:00Rice is now cheaper under the Rice for All program that can be bought in Kadiwa stores.
00:06The Department of Agriculture's target is to lower the price of imported rice.
00:10We have first news from Bernadette Reyes.
00:15The price of rice in Kadiwa centers is being lowered under the Rice for All program.
00:21100 percent broken rice used to cost P36.00 is now P33.00.
00:2625 percent broken rice used to cost P38.00 is now P35.00.
00:325 percent broken rice used to cost P45.00 per kilo is now P43.00.
00:38This is a big thing for those who can afford a limited budget.
00:42Just like us mothers who can't afford a budget.
00:46This is a big help.
00:48I hope the price will still go down so that we can afford our budget.
00:54But there are other retailers that haven't been able to lower the price.
00:58According to the DA, they will be given a discount.
01:01As of now, ma'am, we haven't been able to lower that amount
01:05because our budget is still high and if we run out again,
01:09we will order that amount in the future so that they can still afford what they want.
01:14DTI and DA are also consulting with groceries and supermarkets to sell the rice.
01:20Of course, if they can lower the price or if they can sell it at a lower price,
01:27this is best for the consumers.
01:29Because at least the consumers have choices of a lower price.
01:34While the price of rice is going down in Kadiwa Centers,
01:37the Department of Agriculture is also targeting to lower the price of imported rice.
01:42From P55.00 per kilo,
01:45the target is to lower the price of 5% imported rice from February 15 to P52.00 per kilo.
01:52It's a difficult task for other retailers because they have almost no income from rice.
01:58We won't be able to afford it.
02:00Because we are paying the price of labor, we will have to pay a business permit.
02:05World prices are also going down.
02:07Theoretically, if the world price of rice goes down,
02:12even its inputs, including fertilizer, should follow.
02:16This is the first news. Bernadette Reyes for GMA Integrated News.
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