Kilo ng well-milled rice, nagmahal base sa monitoring ng DA | 24 Oras - video Dailymotion

GMA Integrated News

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Transcript

00:00 The supply is too high and the price of farm gate price has dropped.

00:04 But the price of chicken per kilo in some families still reaches Php 200.

00:09 The well-milled rice is also expensive.

00:12 Bernadette Reyes was able to point it out.

00:14 In the monitoring of the Department of Agriculture,

00:20 the price of well-milled rice per kilo is 2 pesos higher.

00:23 The one we sell in the well-milled rice and the other one,

00:26 it's just like a regular mill.

00:29 But the price is expensive.

00:31 It's 2 pesos higher per kilo.

00:35 Before, we get the lowest price, 1,2,3.

00:43 According to the Federation of Free Farmers Cooperative,

00:45 the price of well-milled rice in some places is between Php 25 to Php 26 per kilo

00:51 or equivalent to the retail price of Php 50.

00:54 If someone sells for Php 55 or even Php 60,

00:59 we can say that it's a bit too much.

01:02 It's an extraordinary profit on the part of the retailer.

01:07 We have a lot of supply, but there is speculation in the market

01:12 that the supply will end in March or April.

01:17 However, the Agriculture Department will not include the suggested retail price or SRP for rice,

01:23 which even in other countries, the price will change because of El Nino.

01:28 Only farmers will be affected because traders will come to them to maintain their crops.

01:34 Consumers will not benefit from this and it can be a result of speculation of the price and hoarding of supply.

01:41 The Philippines will import rice so that there will be enough supply until March

01:46 so that the price will remain stable.

01:49 If we talk about chicken supply, it's too much.

01:52 The farm gate price dropped to Php 89 per kilo.

01:56 But chicken meat in the market still reaches Php 200 per kilo

02:01 in some families according to the monitoring of the DA.

02:05 Supply is already at a disadvantage if you add it to the demand.

02:09 The problem could be that before it reaches the market, the price will be higher.

02:16 There are other places that can provide a low price like the Commonwealth Market

02:20 where the price is only Php 130 per kilo of chicken.

02:23 It's a bit low here because there are a lot of dealers and travelers who also retail.

02:30 It's a bit low because it's a bit expensive.

02:33 Because it's a bit expensive to sell, retailers also have a problem with the oversized chickens.

02:38 In this place, in the Litex Market in Quezon City,

02:40 most of the chicken supplies that arrived today are oversized like this.

02:45 It weighs more than 2 kilos and costs Php 336.

02:52 The customer doesn't like it because it's too big and the budget can't afford it.

02:56 One hita, ma'am, is already Php 79.81.

03:01 Aside from automating the system for the easier balance of supply and demand,

03:07 the LGU's assistance is also important to deliver supplies to the right retail outlets.

03:13 You should only go to the hotels and restaurants.

03:16 You should only go to the markets where the prices are being sold.

03:21 For GMA Integrated News, Bernadette Reyes, for Tutok TV, 24 hours.

03:28 Transcription by ESO; translation by —

03:33 Now that you've caught up with ESO, head 'out the back door' to find out more.

Kilo ng well-milled rice, nagmahal base sa monitoring ng DA | 24 Oras

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