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NewsTranscript
00:00 Let's take a look at the rice sales in the market that is being conducted by the government's price cap.
00:05 Live from Manila, we have the first news, James Agustin.
00:08 James.
00:11 Good morning. This is the only store behind me here in Blumen Trade Market
00:19 where regular milled and well-milled rice is being sold.
00:22 It is included in the government's price ceiling.
00:25 The problem is that it is a loss for the rice retailer to sell it and he is just wasting his stock.
00:31 In other places that we have visited, where you can buy premium grade rice, imported rice, and special rice.
00:40 Well-milled.
00:43 Even if it is a loss, Cherry is lowering the price of the regular milled and well-milled rice that he is selling in his store in Blumen Trade Market in Manila.
00:51 That is just to follow the price ceiling set by the government.
00:55 From P49 per kilo of regular milled yesterday, it is only P41 now.
01:01 The well-milled, from P52 per kilo, can be bought for P45 now.
01:07 Today is a loss. We woke up early to make a loss.
01:11 Because this is our livelihood.
01:15 Everyday, we go to the market to sell rice.
01:19 Now, the president said that you need to sell P41-P45.
01:24 We have no choice.
01:26 We will sell the little stock we have of P41-P45.
01:30 If it is sold out, it is over.
01:32 At that price, Cherry lost P4 per kilo.
01:36 His total in the regular milled is P45 per kilo, while in the well-milled, it is P49 per kilo.
01:43 His rice is Bernardo, one kilo and a half of the regular milled that he bought.
01:48 That is all I can do with my low salary.
01:51 I am happy.
01:53 Even if the price of rice is reduced, I still buy P55.
02:00 There are also other mothers who buy even if the rice is cheap.
02:03 They are used to buying even if the price is high.
02:07 Even if you only have a regular meal, as long as the rice is delicious, it is okay.
02:12 Because this is better and it is more expensive.
02:16 In this store, they have not been selling regular milled and well-milled rice for almost two months
02:21 because they cannot get it from the supplier.
02:23 That is why their cartons are full of premium grade rice, special rice and imported rice.
02:29 We need to eat.
02:31 Our buyers are premium.
02:33 Most of them are looking for that.
02:35 If we cannot buy regular rice, how can we sell it?
02:40 Rice retailers said that they can sell at the price that the government wants.
02:45 If they have supplies, they can get it from their cartons.
02:48 If the supplier will lower the price, that is where it starts.
02:52 For the supplier, it is just a chain reaction.
02:55 If they can give P1,800, it is good.
03:00 We will follow it.
03:02 If they can give, why can't we sell?
03:05 Even if it is P1,000 or even if it is a break-even, why not?
03:09 Rice retailers also asked for help from the government.
03:13 Do we have a subsidy?
03:15 For every rice we sell, let's say P1,500 or P1,000,
03:20 for how many days, will we get help from the government?
03:25 Because we followed it.
03:26 I hope they will think about it.
03:29 Because we are not the end retailers.
03:32 We are really poor.
03:40 Here in my store, you can see that the regular and well-milled rice is P41,000 to P45,000.
03:46 But the supply is limited.
03:48 If it is all sold out, you can see here,
03:51 the special rice or premium rice that is priced at P54,000 to P58,000.
03:59 It depends on the type.
04:00 Rice retailers told us that it is P10,000.
04:04 But if the stock is sold out today,
04:10 until tomorrow, the regular and well-milled rice that we have will be P20,000.
04:17 And each of those P20,000 is P50,000.
04:19 That is all for now.
04:20 From Manila, I am James Agustin for GEMA Integrated News.
04:24 (Native language)
04:37 [BLANK_AUDIO]