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NewsTranscript
00:00 Some fish prices have also risen in some families following a few days of bad weather.
00:07 Rice, which is already expensive, could rise to four pesos according to a group.
00:12 Bernadette Reyes was on the spot.
00:14 How can you eat in a rice shop if rice and some fish dishes are expensive?
00:22 In some rice shops, the price of each cup of rice is already rising.
00:27 So they stopped their rice selling.
00:31 In this place, in the labor market, no one sells rice below 42 pesos per kilo.
00:37 Before, it was 40 pesos. Now, it's 42 pesos.
00:39 Before, they used to sell half a bag of rice.
00:45 Now, it's just per kilo.
00:47 According to the Agriculture Department, the price of a kilo of local well-milled rice is now up to 49 pesos.
00:53 The imported well-milled rice is up to 46 pesos.
00:56 According to the United Nations Food and Agriculture Organization Rice Price Index,
01:01 the price of rice has reached almost 12 years high.
01:04 And due to the shrinking supply in the world and the high price of some rice exporting countries like Vietnam,
01:10 where 80 to 90 percent of imported rice came from,
01:14 Danilo Fausto, President of the Philippine Chamber of Agriculture and Food,
01:19 said that the price of rice could rise by two to four pesos.
01:23 It's around 540 dollars per metric ton.
01:27 It's about 32 pesos per kilo.
01:32 Before, every part of the year, it was only 420, now it's 440.
01:37 It's about 23, 24 pesos.
01:41 Senator Aimee Marcos, who visited other places in Pangasinan,
01:46 said that the country will lack rice.
01:49 That's why food sufficiency should be increased so that people won't always rely on rice importation.
01:55 What they're saying is that there won't be a shortage of rice,
01:59 but we're all confused about how that will happen.
02:03 There will really be a shortage.
02:05 According to Fausto, the Philippines should directly negotiate with other countries.
02:10 But according to the DA, the government cannot import rice unless there's a rice shortage.
02:15 The price of rice is rising. According to the Bureau of Fisheries and Aquatic Resources,
02:20 there's also an increase in the price of some fish, like tilapia, bangus, and galunggong.
02:25 In the last monitoring of the DA, the price of bangus is now up to 240 pesos per kilo.
02:29 Tilapia is now 160 pesos and galunggong is 280 pesos.
02:33 In the labor market, the price of galunggong is now 300 pesos per kilo.
02:36 The BFAR said that the price of fish has already reached 630 million pesos in the fisheries sector.
02:42 The BFAR is now inventing to supply more fish to the affected areas.
02:47 The repair and maintenance of damaged boats and equipment has now reached 21.9 million pesos.
02:53 Fingerlings have also been given to affected fishermen.
02:56 For GMA Integrated News, Bernadette Reyes, Katutok, 24 Horas.
03:01 Good news, Kapuso.
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