24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 6:00 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.
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NewsTranscript
00:00 Even though there are still limitations on the price of rice,
00:03 some retailers are already thinking of not selling rice tomorrow.
00:07 And now, there's no cheaper, regular, and well-milled rice
00:13 in a market in Quezon City.
00:15 That's what Maki Pulido is aiming for.
00:17 Whether you buy it from a market or a farmer,
00:24 it's equally difficult today.
00:26 Alvin only bought 1 kilo of rice.
00:29 But if it's P41 per kilo,
00:31 because of the price cap,
00:33 or P41 for regular milled and P45 for well-milled rice,
00:38 he might be able to buy more.
00:40 I used to buy 5 kilos, now I only buy 1 kilo.
00:44 We're not that rich anymore.
00:45 Some rice retailers are already thinking of not selling rice
00:49 if the price cap is implemented tomorrow.
00:51 They're at a loss because they bought rice too expensive.
00:54 If the government wants them to sell P41 for regular milled,
00:58 there should be a supply of 1,950 per 50 kilos.
01:03 But the supplier is selling 2,250 pesos per kavan.
01:09 It's possible that we can get more rice.
01:12 In the Commonwealth Market,
01:13 regular and well-milled rice is no longer being sold,
01:16 only premium grade local rice for P55 to P57 per kilo.
01:21 This is what rice retailers bought from their suppliers
01:24 so that the government won't be forced to impose a price cap.
01:28 Our suppliers can't deliver rice to us.
01:31 We're also depending on our suppliers.
01:34 Whatever they give us, we sell it.
01:38 The sad part is, according to Bantay Bigas,
01:40 rice retailers are being forced to sell rice
01:42 and until now, no one has been able to answer the rice cartels
01:45 that are manipulating the price.
01:47 The government should really break the rice cartels.
01:50 One of the studies is the government's abonement
01:53 to replace the rice retailers in the markets and rice cartels.
01:58 But it's not clear how this will be implemented.
02:01 We're just small businessmen.
02:03 We're just looking for a job.
02:07 For GMA Integrated News, Macky Pulido reporting for 24 Hours.
02:12 [news broadcast]
02:14 [news broadcast]
02:27 [BLANK_AUDIO]