00:00The Agriculture Department is confident that the harvest will be good this year
00:04with the price of rice and onions gradually stabilizing in the market.
00:09The DA hopes that there is no need to rely on importation
00:13for a sufficient supply and a low price.
00:16The details are in the news of Vell Custodio of PPV Manila.
00:22The price of onions in the market is falling fast because of its high supply.
00:28Compared to the past, we've lost around P150 to P180 to P200.
00:35How long has it been like this?
00:37Around 3 weeks or 2 weeks.
00:39The price went down so fast.
00:41P42 per kilo of white onions and P100 per kilo of red onions in the public market.
00:47The price of onions in the market is lower than the price of rice in the Department of Agriculture
00:51where the price of onions is stable at P120 per kilo.
00:55P186 metric tons of white onions entered the country
00:59from the expected 1,000 metric tons
01:02while the imported red onions did not enter.
01:05The fear of our friends who plant and harvest onions
01:11is no longer affected because there is no report of imported onions.
01:17Aside from onions, the price of imported rice is also falling.
01:22According to the DA, there are 641,000 metric tons of imported rice as of March 13
01:27which is almost half of what was imported last year at the same time,
01:31which is 1.2 million metric tons.
01:34DA Spokesperson Arnel Demesa said
01:37that the rice is expected to be good this year.
01:40Some of the reasons why the price of rice in the market is falling and stabilizing
01:45is the lifting of the import ban in India on non-basmati white rice.
01:49The DA and DTI will monitor the prices of rice
01:52especially if the maximum suggested retail price is followed
01:56and if agricultural products are caught in the horde.
02:00The Department of Agriculture also targets
02:02to follow the standard labeling of rice.
02:05This is to solve the problems and avoid the maximum suggested retail price
02:10of 5% broken imported rice.
02:12If you look at what we release,
02:15RFA is 5%, RFA is 25%, RFA is 100%.
02:20It's only 5% and other special brands.
02:23They will say that they are exempted.
02:26That's where the problem lies.
02:28The DA and DTI will continue to monitor the markets
02:32to ensure that the labeling of rice is followed.
02:36From People's Television Network, Vel Custodio, Balitang Pambansa.
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