Posibleng magpamahal ng bigas ang balak na paghihigpit sa supply ng exporters — Sen. Poe | 24 Oras - video Dailymotion

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00:00 In other news, the price of rice is getting more and more intense

00:04 when the supply of rice is getting tight for some exporters around the world, according to some lawmakers.

00:08 This is also a warning from the Agriculture Department, but it doesn't matter.

00:12 Ivan Mayrina and Bernadette Reyes are the ones who pointed it out.

00:15 In the food that Filipinos eat, not all of it is left, not even the rice.

00:22 That's why, just now, some lawmakers are already worried about the possible effect on the supply and price of the Indian rice

00:29 that is being exported less.

00:32 India is the biggest exporter of rice in the world, followed by Thailand and Vietnam.

00:38 That's why Senator Grace Poe was alarmed.

00:41 The decline in global supply from the biggest rice exporter is expected to cause a spike in global rice prices because of speculation.

00:50 Shipments from India accounted for 22 million or 40% of global supply.

00:57 Can you imagine the price now after India will stop exports?

01:02 In Thailand and Vietnam, exporters are planning to renegotiate or change the price after the price of rice farmers there has increased.

01:11 That's why rice importer Orly Manuntag is worried if the rice that was ordered will arrive in Vietnam.

01:18 Our importers are pitiful. They gave them money, they downed it, and they will not deliver the rice that was delivered based on the contract.

01:30 They should honor that because they agreed to that.

01:34 According to the Federation of Free Farmers Cooperative, there are traders who were betrayed by their contract.

01:40 That's why the incoming imported rice from the country is reduced.

01:44 If the importer does not agree with the new price, then he will not be able to get the rice that he ordered because his supplier will go to other buyers.

01:56 So it will have an effect on the supply if the rice does not come in and it will have an effect on the import price if the buyer agrees to the higher price.

02:10 It is important for the Philippines to import 700,000 to 1 million metric tons of rice to meet the needs of the country until new rice farmers are created.

02:22 The big question now is will the private sector bring that in even with the prices going up.

02:29 I don't know if there is still an option for the government to import directly.

02:35 The Department of Agriculture itself knows that the price of imported rice is increasing in the Panday Diga market.

02:42 The price of rice is increasing in the international market. That will have an effect on our local prices.

02:51 For now, the price of imported commercial rice is playing at P44 to P58 per kilo, depending on its quality.

02:57 The private sector is dependent on the importation, as per the rice tariffication law.

03:01 But the government's importation is not leaving the possibility.

03:05 He mentioned that he considers the government's importation.

03:10 But the importation of the private sector is still going on.

03:13 That's why the President encouraged the arrival of rice to the country yesterday.

03:25 The DA said that it's not up to the supply because the production of Tontaginit has been good.

03:30 If the country is ever in trouble, it should have more than 5 million metric tons of rice.

03:34 Even though the rice is affected by the typhoon Egy, Falcon and Habagat, many can still be saved.

03:40 He said that the rice is enough and can provide all the needs.

03:44 If it's just going to be soaked for 2-3 days, it can still recover.

03:50 If it's just newly planted and washed out, we can still replant it.

03:57 Most of the damage to our rice is in the early stages.

04:03 So, our classification is partially damaged.

04:09 For the entire agricultural industry,

04:12 more than importation, it should be emphasized to strengthen the production of rice in the country.

04:17 We should really protect our farmers.

04:22 We should plant more rice so that our production will be bigger.

04:27 We should be more compact and not be controlled by several countries, the exporting countries.

04:37 For GMA Integrated News, Ivan Meirina.

04:40 Brindadeth Reyes, Nakatuto, 24 Horas.

04:44 Good news kapuso!

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04:52 Just click the subscribe button that will appear on the screen.

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05:04 Kapuso Abroad.

Posibleng magpamahal ng bigas ang balak na paghihigpit sa supply ng exporters — Sen. Poe | 24 Oras

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