DA, walang planong magpatupad ng SRP sa bigas habang ang presyo ng manok, bagsak presyo dahil sa...
DA, walang planong magpatupad ng SRP sa bigas habang ang presyo ng manok, bagsak presyo dahil sa oversupply
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NewsTranscript
00:00 The Agriculture Department has no plan to make the suggested retail price, the price of rice, laugh
00:07 while the price of chicken per kilo has fallen due to oversupply.
00:12 That's what Clayzel Pardilla reported.
00:14 In early 2024, the price of water, electricity, and gasoline has increased.
00:22 The price of rice has also continued to plummet,
00:25 which is the main food of Filipinos, based on the price monitoring of the Department of Agriculture,
00:31 from P40, the cheapest rice last week,
00:35 it has now fallen to P47, up to P55 per kilo of well-milled rice.
00:42 That's why the Federation of Free Farmers suggested a retail price or price cap.
00:49 If someone sells P55 or even P60, we can say that it's a bit too much.
00:57 It's like an extraordinary profit.
01:01 We might have to reach a level of a price ceiling, price cap.
01:04 It's not a supply problem right now, but there is anticipated supply problem in the next few months.
01:11 That's why the price cap has fallen.
01:13 The Grace Retailers Confederation of the Philippines is worried.
01:19 It's like what happened last year when the price cap was implemented on rice.
01:23 It's hard to put an SRP.
01:26 In this time, because it's volatile, we cannot control the price.
01:31 We are tied to the world market, price, and our price is trend.
01:35 If we have an SRP, it might affect our retailing and market.
01:44 Our rice is almost out of stock.
01:46 But the DA is no longer considering the implementation of an SRP on the main buyers, like rice.
01:53 The international market price is changing because of the El Nino flood,
01:59 that's why it's hard to control it now.
02:01 In the future, the flood will be heavy because traders will come to their rice to avoid their crops being affected.
02:12 It's also possible that speculation and hoarding will rise.
02:16 Now, the DA is increasing the rice buffer through importation.
02:22 It will help stabilize the price, which doesn't need the government's intervention.
02:28 The implementation of rules and regulations on the Price Act will be a priority.
02:33 It will give the DA a hand in managing the price of agri-products.
02:38 The data system is also being built to see the demand and supply of products like chicken.
02:44 Chicken is only over-supplied for four months, according to the United Broiler Racers Association.
02:51 Jason said that it will make it hard to sell fresh chicken in the labor market.
02:56 We can only sell two bags, one bag of wings and one bag of drumsticks.
03:01 But right now, we can't sell all of them.
03:07 It's a shame that the price of fresh chicken is still high.
03:10 The price of fresh chicken can reach Php 200 to Php 230.
03:16 It's being forced to use frozen chicken in its food market, which is only Php 140 per kilo.
03:23 For frozen chicken, we can sell 50 per kilo.
03:27 For meats, we can sell 60 to 70 per kilo.
03:31 It's hard to sell locally.
03:33 But the price of chicken should not exceed Php 150 per kilo in the face of over-supply.
03:39 There are a lot of production and the demand is low.
03:42 Retail has a disconnect with Farmgate. The gap between retail prices and Farmgate prices is almost 90 percent during the fourth quarter.
04:00 The DA will consult with the local government to remove frozen chicken,
04:06 which is prohibited to sell in the market, which causes over-supply in the local chicken market.
04:12 We have a Food Safety Act that prohibits such acts.
04:16 First of all, our frozen chicken should be sold in hotels, restaurants, institutions, and fast food chains.
04:27 That's where it should be sold.
04:28 But for some businessmen, this is the only source of income.
04:32 No one is complaining that frozen chicken is too delicate.
04:36 It's okay.
04:38 We even eat frozen chicken.
04:40 Kalei Zalpardiliya, for the people!
04:44 [Music]