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NewsTranscript
00:00 Tomorrow, the price ceiling for rice will be implemented.
00:03 But some rice retailers are thinking of not selling rice because of the high cost.
00:10 Here is my report.
00:12 Regular and well-milled rice is no longer sold in the Commonwealth Market in Quezon City.
00:20 Rice retailers are selling premium grade local rice that is already 55 to 57 pesos per kilo
00:26 which was bought so that it won't be stuck in the price cap.
00:30 We are just hoping for a livelihood, right?
00:33 And we will be in loss.
00:35 From tomorrow, regular milled rice can only be sold for P41 per kilo
00:39 while well-milled rice is P45 per kilo.
00:43 Some rice retailers are thinking of not selling rice because they are in loss
00:48 because their rice is expensive.
00:50 The supplier is selling rice for P2,250 per kilo.
00:56 Initially, retailers were asking for a discount
01:01 so that they can sell their existing stock.
01:03 If the businessmen are in a hard time, the price cap is favorable to the buyers.
01:07 If there is P41, we can buy more rice.
01:11 The Bantay Bigas group said that it is sad that rice retailers are being stuck
01:16 instead of answering the cartels that are manipulating the price.
01:20 Many warehouses have been opened.
01:23 The hoarding and price manipulation has become clear.
01:28 There is still no case.
01:30 President Marcos said that rice smugglers and hoarders will be arrested.
01:35 He said that the price ceiling is only temporary
01:37 because it is September and imported rice is coming.
01:41 We will bring it to the market and let the price of rice find its own price.
01:48 While that is not yet there, there is help that will reach retailers who are in loss because of the price cap.
01:53 But it is not clear how this will be implemented.
01:56 House Speaker Romualdez ordered the House Committee on Appropriations to find
02:01 where they can get the P2 billion fund for rice retailers.
02:06 But rice is not the only expensive thing.
02:08 Even vegetables. In the Commonwealth Market, each kilo of tomato costs P160
02:14 from P100 last month.
02:17 Bell pepper costs P70 per kilo last week.
02:21 It's already P400.
02:23 In the same vegetable market in Trinidad and Benguet, potatoes and broccoli are expensive.
02:29 The representative of the trading post explained that their rice cannot be harvested
02:32 and that it is possible for the farmers to travel because of the bad weather.
02:37 The Department of Agriculture has given the local farmers an answer
02:42 that they are calling for the importation of rice.
02:46 They are not buying rice from them because imported rice is cheaper.
02:50 [BLANK_AUDIO]