Flour miller association at canned goods manufacturers... | BT - video Dailymotion

GMA Integrated News

Sa ating panayam sa DTI kahapon, nag-apply para magtaas-presyo ang mga manufacturer ng apatnapu't tatlong produkto sa grocery. Sabi ng Philippine Association of Flour Millers, ang hinihiling na price adjustment ng producers ay bunsod ng nagmamahal daw na presyo ng raw materials.   Balitanghali is the daily noontime newscast of GTV anchored by Raffy Tima and Connie Sison. It airs Mondays to Fridays at 11:00 AM (PHL Time). For more videos from Balitanghali, visit http://www.gmanews.tv/balitanghali.  #GMAIntegratedNews #KapusoStream  Breaking news and stories from the Philippines and abroad: GMA Integrated News Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews TikTok: https://www.tiktok.com/@gmanews Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00 In our DTI interview yesterday,

00:02 manufacturers applied to raise the price of 43 products in the grocery.

00:08 The Flower Miller Association and Canned Goods Manufacturers have an explanation for this.

00:13 The Philippine Association of Flower Millers said

00:16 the producers' request for price adjustment is in line with the rising price of raw materials.

00:22 Even the price of wheat in the world market is also rising.

00:26 The Philippine Association of Canned Sardines asked for 2 to 3 pesos higher price

00:32 for each can of sardines.

00:35 Now, the catch of catfish is cheaper.

00:38 Its price also increased.

00:40 The price of gasoline and diesel used by fishing vessels is also increasing.

00:46 The high price of raw materials is the reason why some producers are trying to raise the price of their main products.

00:55 In the middle of that news, we have on the news this afternoon

00:58 the Philippine Association of Flower Millers Executive Director, Rick Pinca.

01:02 Good morning to you and welcome to the news this afternoon.

01:05 Good morning to you, Connie, and to our listeners.

01:08 Sir, we will just update on the supply and price of flour in our country.

01:13 Is it still stable?

01:14 Our supply is stable.

01:17 At whatever price, we are going to buy wheat,

01:22 which is our raw material for the production of flour.

01:27 We use it to make bread, noodles,

01:32 to wrap lumpia, siopao, ice cream cones.

01:39 That's what we use for flour.

01:42 Yes, sir. And aside from the things you mentioned,

01:45 the things you use for flour,

01:48 will those things also increase the price of those?

01:52 You know, these products, like what I said, bread, siopao, and other products that use flour,

02:03 in my opinion, the price of those will increase

02:08 because not only flour, but their ingredients,

02:12 the price of sugar, oil, and other ingredients will also increase when they cook.

02:23 So not only flour, but other raw materials in the production of the food that we consume will increase.

02:33 So definitely, our manufacturers will have to raise their prices in order to survive.

02:40 So in total, other materials will also increase.

02:44 But is there still a connection here?

02:47 The production, of course, because of the tension that is still happening in Ukraine and Russia,

02:52 that we are still buying.

02:54 Yes, sir.

02:55 As long as the firing in Russia and Ukraine does not end,

03:01 the price of our raw material will increase.

03:04 Because not only wheat comes from there,

03:08 there is also corn, soybean, and sorghum.

03:13 All that is consumed by different countries.

03:18 Russia and Ukraine together, they have 30% of the world's supply.

03:25 So if 30% of your supply is gone, the price will really increase

03:31 because others will fight for the remaining 70%.

03:36 Yes.

03:37 That is the reason.

03:38 All right. That is clear.

03:40 But of course, the Bermond's is coming up next month.

03:44 Do you have a projection that the price of our flour will increase?

03:49 Let us accept the truth, Connie, that every Christmas, our consumption increases.

03:57 And while our consumption increases, other countries' consumption and demand also increases

04:04 for the products that we all need.

04:08 So the supply does not increase because Ukraine is still fighting.

04:14 India stopped exporting their rice.

04:18 So we will continue to have this situation.

04:22 And the best way really is for us to try to become self-sufficient

04:28 or to be able to produce our own requirements.

04:32 Okay. Speaking of being self-sufficient, sir,

04:34 do you have any plans that you are doing for our government to achieve that?

04:40 Wait, I am just interviewing.

04:41 What is that? Connie, the guard is asking me to leave.

04:44 Okay.

04:45 Sir, just quickly, what can you see that the government can do

04:50 to be self-sufficient, like you are saying,

04:53 and when we are not relying on other countries for our production?

04:57 First of all, there should be a lot of long-term activities that should be done.

05:04 Irrigation system, farm-to-market growth and everything.

05:09 All these have to be done.

05:11 Then the technical services for our farmers should be done.

05:15 Then protect the local industries.

05:17 We have farmers who are planting onions.

05:23 They will import onions while they are harvesting.

05:27 So again, it does not work well for our own industry.

05:31 Okay. I won't keep you, sir.

05:32 Thank you very much for your time.

05:35 Thank you very much.

05:36 This is Philippine Association of Flower Millers Executive Director, Rick Pinca.

05:41 For more hot news, subscribe to GMA Integrated News on YouTube.

05:46 For those abroad, follow us on GMA Pinoy TV and www.gmanews.tv.

05:54 [BLANK_AUDIO]

Flour miller association at canned goods manufacturers... | BT

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