Price ceiling sa ilang klase ng bigas, itinakda ng gobyerno | SONA - video Dailymotion

GMA Integrated News

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Transcript

00:00 President Marcos set a price ceiling for several types of rice as a target for high market prices.

00:07 But some businessmen say that the price set by the COP is not lower than their target.

00:14 Bernadette Reyes has a report.

00:16 The price of rice in this place is 50 to 57 pesos per kilo in the Commonwealth Market in Gaston City.

00:27 It's far from the price ceiling in Malacanang which is effective in a short time.

00:32 Under the Executive Order of President Marcos,

00:34 regular meal can be sold for up to 41 pesos per kilo

00:38 while the most expensive well-milled rice can be sold for 45 pesos.

00:43 Some rice retailers are worried about how to follow the price ceiling.

00:48 Now, their target is higher.

00:51 If they force us to sell 41 pesos, we won't sell rice.

00:55 I will sell 48 pesos if I travel.

00:58 There's no point in going to Manila.

01:01 The price cap was issued amid the high price of rice in the markets.

01:06 It's not a price risk. If it's not a price ceiling, we will put the highest price.

01:12 According to Makabayan Black, retailers who sell rice will be affected.

01:16 It will primarily hurt small retailers who are merely at the receiving end of rising farm gate

01:21 prices due to cost-layer production inputs.

01:26 But for the group that is in charge of rice and the Philippines' fast-growing rice,

01:30 the price can be lowered to 34 to 37 pesos in the price ceiling.

01:36 What they are selling now is what was sold last time.

01:40 Because the rice is for regular and well-milled,

01:43 DTI and DA will monitor if there are sellers who sell premium or mixed with premium

01:50 to lower the price ceiling.

01:52 There is a risk of fine and imprisonment if the price is lowered.

01:57 I would encourage anyone who finds that someone or a retailer is selling above the price ceiling,

02:08 to report it so we can see and make sure that it won't exceed the price we set.

02:16 Bernadette Reyes, reporting for GMA Integrated News.

Price ceiling sa ilang klase ng bigas, itinakda ng gobyerno | SONA

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