Price cap sa bigas, tinanggal na ng pangulo; nagmura na umano ito at sasapat na ang suplay | 24 Oras
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Transcript
00:00 The President changed the price cap or limitation on the price of rice.
00:05 He also named the companies that are being complained about in the case of rice smuggling.
00:10 Sergey Castillo and Ian Cruz were interviewed.
00:13 In the division of the smuggled rice in the 1,004 piece beneficiary in Taguig,
00:21 President Bongbong Marcos named the companies that are being complained about in the case of rice smuggling in the country.
00:27 San Pedro Warehouse, Blue Sakura Agri-Grain Corporation, FS Ostia Rice Mill, Gold Rush Rice Mill
00:37 are currently facing a lot of cases because of their actions.
00:43 They are also included in the rice warehouses that were raided this August
00:47 and will face the complaints of violation of the Customs Modernization and Tariff Act,
00:52 Rice Tarification Law and Anti-Agricultural Smuggling Act of 2016.
00:57 You smugglers, you hoarders and syndicates, stop your evil deeds.
01:03 We called but San Pedro Warehouse, which also owns Blue Sakura Agri-Grain Corporation, did not answer.
01:11 We talked to FS Ostia Rice Mill but there was no clear statement
01:16 while they did not want to give a statement of Gold Rush Rice Mill.
01:22 The President also removed the price cap on rice before it is implemented tomorrow for a month.
01:29 Because the price of rice is already falling and the supply is enough this month.
01:34 We are removing the controls but it does not mean that it is just like that.
01:38 Because we still need to fix the agricultural sector, we still need to help the poorest and the most hungry.
01:49 The President also removed the price cap on rice
01:52 which will continue the help of the government for those in need.
01:57 The need for rice is more than ever.
01:59 A beneficiary approached the President a few minutes after he left.
02:04 He just handed over the rice he received to a stranger.
02:10 I woke up early at 4am.
02:12 I was going home at this time and I did not have anything to eat.
02:19 Even though the price cap on rice was removed,
02:25 Eunice's budget is still sufficient.
02:27 She bought 46 pesos per kilo of rice earlier.
02:31 She is just a small portion of the price cap that was removed
02:34 and it is far from the very high price before the price cap on rice is implemented.
02:41 Compared to August, when the price of rice suddenly rose.
02:46 We were surprised.
02:47 More people will buy rice from this price, from 41 pesos per kilo for those who are saving,
02:53 up to 60 pesos per kilo.
02:56 Other customers are saying that why is it implemented?
02:59 We can buy a little expensive rice, it's delicious.
03:03 Because now, sir, you can see a lot of rice.
03:06 The retailer Margie is also facing a risk of bankruptcy.
03:11 The price of rice suddenly rose and the price of rice is 54 pesos.
03:17 Our price is 52 pesos and we will sell 45 pesos and 41 pesos.
03:23 But she is worried about her vegetables.
03:26 Maybe later, when they remove it and lift it, it will suddenly rise again.
03:31 I hope not. Because life is hard.
03:35 It's okay for us with that price.
03:38 If supply is the basis, the Department of Agriculture is confident that there is no reason for the price of rice to rise again.
03:47 But there is still a demand, especially now that Christmas is coming.
03:52 We are going to the holiday season.
03:55 We always expect that the price will rise.
03:59 Our local production is high for October and same rate for November and for the rest of the year.
04:10 We can complement that again with imports.
04:12 This is now seen by a group of farmers.
04:16 The decision to return the price cap on rice is also on.
04:20 The cap really helped because we saw in the world market that the price of rice went down when the cap started.
04:32 The harvest of the Philippines also started and they know that their rice is not in demand.
04:40 For GMA Integrated News, Cedric Castillo and Ian Cruz, we have been in touch for 24 hours.
04:47 [music]