00:00Today, the 45 pesos maximum SRP for imported rice is effective.
00:06Meanwhile, the Agriculture Department is also studying the placement of MSRP for imported garlic.
00:12Vel Custodio of PTV in Balitang Pambansa.
00:18In a special market monitoring of the Department of Agriculture and Department of Trade and Industry
00:23in Mega Q Mart and a supermarket earlier this morning,
00:26it was found that the prices of the first-time buyers, especially rice, are going down.
00:32Especially on the first day of implementing the 45 pesos maximum suggested retail price of 5% broken imported rice.
00:39When we talked to the sellers of pork, fish, and rice,
00:46they said that consumers are buying more because the price of rice is going down.
00:52Although MSRP is not being placed in groceries,
00:55the price of rice here is also going down.
00:57When we went around before, the prices of rice were going up.
01:02Now, it's really gone down to 40, 45.
01:06Before, it was 58. Now, it's not 58.
01:08So, the price of rice is really going down.
01:12From 58 pesos last January,
01:14the MSRP of rice is slowly going down to 45 pesos per kilo for three months.
01:20A two-month assessment will be conducted to find out if it will go down to 42 pesos
01:26when rice retailers are not losing money.
01:28The compliance level of the maximum suggested retail price of pork is almost 30%
01:34since the first implementation of this in March 10.
01:37The DA and pork stakeholders will assist today
01:40to investigate where the problem of compliance has occurred.
01:44The Ministry of Agriculture and Development will tighten the monitoring of the 230 pesos price in Farmgate
01:50The DA and importers of garlic are also expected to assist
01:53to lower the price of garlic.
01:56From People's Television Network, Vel Custodio, Balitang Pambansa.
