00:00Today, the 45 pesos, the maximum suggested retail price, for broken imported rice was implemented.
00:06Details on the country's news by Vell Custodio of PHCV Manila.
00:13In a special market monitoring by the Department of Agriculture and Department of Trade and Industries,
00:19in Mega Q Mart and a supermarket earlier this morning,
00:22it was seen that the price of the primary goods, particularly rice, has dropped.
00:27Especially on the first day of the implementation of the 45 pesos, the maximum suggested retail price of 5% broken imported rice.
00:35When we talked to the sellers of pork, fish, and rice,
00:41they said that the consumer is buying more because the price of rice has dropped.
00:47Although MSRP was not imposed on the groceries, the price of rice here is also low.
00:53When we went around before, the prices of rice were high.
00:57Now, it's really gone down to 40, 45.
01:01Before, it was 58. Now, it's no longer 58.
01:04So, the price of rice has really dropped a lot.
01:08From 58 pesos last January,
01:10MSRP of rice was gradually lowered to 45 pesos per kilo for three months.
01:16A two-month assessment will be conducted first
01:18to find out if MSRP will drop to 42 pesos if rice retailers do not lose money.
01:24The compliance level of the maximum suggested retail price of pork has reached almost 30%
01:29since the first implementation of this in March 10.
01:32The DA and pork stakeholders will help today to investigate where the problem of compliance has occurred.
01:39The Ministry of Finance will tighten the security of the 230 pesos imposed on the price of farmgate.
01:45The DA and importers of garlic also agreed to lower the price of garlic.
