Department of Agriculture, walang planong magpatupad ng SRP sa bigas | Saksi - video Dailymotion

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00:00 The Department of Agriculture has no plans to implement the suggested retail price for rice

00:05 despite the high price in some markets.

00:09 Chicken is also expensive to buy even if the farm gate price is low.

00:13 Witness, Bernadette Reyes.

00:15 In the monitoring of the Department of Agriculture,

00:21 the price of 2 pesos per kilo of well-milled rice is high.

00:24 What we sell in the well-milled rice and what else,

00:27 it's like a regular mill.

00:29 But the price is high.

00:31 The price of 2 pesos per kilo has increased.

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

00:41 Now, the lowest is 1, 3.

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

00:46 the price of rice in some places is between 25 and 26 pesos per kilo

00:51 or equivalent to the 50 pesos retail price.

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

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

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

01:07 We have a lot of supply,

01:09 but there is speculation in the market that that supply

01:13 will end by March or April.

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

01:23 even in other countries because of the El Nino.

01:27 Only farmers will be affected because traders will come to maintain their crops.

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

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

01:46 so that the price will remain stable.

01:48 If we talk about chicken supply, it's too much.

01:53 The farm gate price dropped to 89 pesos per kilo.

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

02:01 according to the monitoring of the DA.

02:04 Supply is already a advantage if you will combine it with demand.

02:09 The problem is that before it reaches the market, it will be more expensive.

02:15 There are other places that can provide a low price like the Commonwealth Market

02:20 where the chicken is only 130 pesos per kilo.

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

02:29 It's a bit low because it's a bit slow.

02:32 Because the sales are slow, retailers also have a problem with the oversized chickens.

02:37 In its location in the Litex Market in Quezon City,

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

02:45 If you will weigh it, it's more than 2 kilos and it's worth P336.

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

02:56 One income, ma'am, is already 79, 81.

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

03:06 LGU also needs to help in bringing supplies to the right retail outlets.

03:12 It should only be delivered to hotels and restaurants.

03:16 The prices should be sold at the market.

03:20 For GMA Integrated News, I am Bernadette Reyes, your witness.

03:26 Kapuso, let's be witnesses together.

03:30 Subscribe to GMA Integrated News on YouTube.

03:33 And for Kapuso Abroad, join us on GMA Pinoy TV and www.gmanews.tv.

03:40 [Music]

Department of Agriculture, walang planong magpatupad ng SRP sa bigas | Saksi

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