00:00The local government approved the purchase of NFA rice, which will be sold at a lower price.
00:08The DA also assured that it will be a big help to the public despite the rising price in the market.
00:15Vel Custodio was at the center of the news.
00:20The local government approved the purchase of rice by the National Food Authority.
00:25Just like Ediette who is buying NFA rice, besides being able to reach the market, she can also increase the price of NFA rice.
00:32The price of LGU rice is good. I tried the NFA rice and it's okay.
00:41It's good that you can buy rice at a low price. It's a good kind of rice.
00:47The Department of Agriculture will turn over the NFA rice to the LGU that showed interest in being its distributor.
00:55This was followed by the declaration of the National Food Security Emergency on rice.
00:59LGU bought it for P33 per kilo and it can be sold for P35.
01:05According to the DA, it's possible that the so-called NFA rice will affect the price of rice in the market.
01:12Definitely, if there's more supply, the law of supply and demand dictates that the price will also soften in the market.
01:23So, the price should go down a little.
01:25The rollout of NFA rice in some LGUs, including San Juan City and Camarines Sur, started on Monday.
01:32Meanwhile, DA Secretary Francisco T. Laurel Jr. clarified that the rice was only an isolated case that was seen in Kadiwa Stores in Quezon City.
01:41The DA will be forced to monitor the rice being sold in the next incident.
01:46Vel Custodio for Pambansang TV in Bacon, Philippines.
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