Pagtaas ng presyo ng bigas, bunsod ng papatapos na harvest season

Transcript

00:00 Along with the continuous increase in the market, this Christmas, rice is also increasing in price.

00:07 Claisel Partilia reports.

00:09 As Christmas approaches, the price of rice continues to rise.

00:16 In the price monitoring of the Department of Agriculture,

00:20 from P45 to P57 in November,

00:23 the price of well-milled rice increased from P51 to P58 per kilo.

00:29 The Federation of Free Farmers predicts that the price of well-milled rice could reach P60 per kilo.

00:37 In the price of rice at P30,

00:40 it's very possible that some of the rice will be sold at P60.

00:45 You can lower your cost,

00:49 but it's not good.

00:51 The rice won't be whole.

00:55 Almost premium grade rice will reach P60.

00:59 According to the group, the harvest season is almost over,

01:03 so they are fighting over the rice they are selling and the price of rice is increasing.

01:07 Even if there is a cheap rice that was bought at the peak of the harvest,

01:11 some traders are equally monitoring the price of local rice in imported rice.

01:15 Traders are expecting the price of rice to increase because imported rice is expensive.

01:24 Even if they bought cheap rice,

01:27 if they saw an opportunity to sell rice at a higher price,

01:32 nothing will stop them from doing that.

01:34 The price of rice is not based on the price of rice.

01:43 Supply and demand.

01:45 The most expensive imported rice is now at P65.

01:51 Some countries are buying from the world market as a preparation for the El Niño.

01:57 They are also electing some countries because the demand for rice has increased.

02:01 According to the group, the price will continue to increase if there is no cheaper imported rice.

02:08 According to the DA, the supply of local rice is sufficient.

02:12 They are also expecting the arrival of 295,000 metric tons of imported rice from India,

02:18 which has a low price.

02:21 Our supply is okay in terms of production, local production.

02:27 We are hoping that it will not reach P60.

02:29 The price of imported rice is better.

02:32 According to the agency, the supply is solid, not just rice, but also pork, chicken and vegetables.

02:40 That's why they have no reason to increase the price this Christmas.

02:45 Kalei zalpardiliya para sa bayan!

02:48 (upbeat music)