Presyo ng bigas, inaasahang bababa ng P6-P7 kasunod ng pagbawas ng taripa sa imported rice ayon sa DA
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00:00 It is expected that the price of rice will drop to Php 6 to Php 7 by August, according to the Department of Agriculture.
00:09 This is also due to the reduction of the price of imported rice.
00:13 Here is the center of my news.
00:15 In the price monitoring of the Department of Agriculture, the price of imported rice varies from Php 49 to Php 65 per kilo.
00:27 Php 45 is the cheapest in the local market, while Php 66 is the most expensive.
00:34 To lower the price of rice, the National Economic Development Authority approved the recommendation to reduce the price of imported rice.
00:44 From 35%, the proposed increase will be reduced to 15%.
00:50 According to the Department of Agriculture, the price of rice will drop to Php 6 to Php 7.
00:57 The DA is hopeful that the decision to substantially reduce the duties on imported rice will drive down the obvious retail prices of our rice.
01:10 The rice from Vietnam will arrive 2 to 3 weeks before us.
01:16 So, we can expect that it will be around August.
01:20 But some groups of farmers have already reduced the price of rice.
01:24 They did not go through a consultation.
01:27 They are worried that the price of rice will drop,
01:31 along with the reduction of the rice prices collected from the rice that are given to the local farmers as aid.
01:39 Our estimate is that the price of rice can go down by about Php 4 to Php 5 per kilo because of this tariff reduction on rice.
01:51 The price of rice will surely drop because of the effect of imported rice.
01:58 But there is no assurance that the price of rice will drop because the difference is just bribed by importers and traders.
02:08 But they never look at what will happen to farmers.
02:11 The DA assured that he will continue to provide assistance to farmers like the farmers of Binhi, Pataba and other farm inputs
02:19 to increase production and reduce their costs.
02:23 We expect that the price will eventually drop.
02:29 That is the main intent to ensure that our farmers will be helped by the reduction of the price.
02:38 Second, it will be a priority for our rice farmers to buy NFA so that they can ensure that they still have profit.
02:50 With the help of the new tariff, Senate President Cheese Escudero is positive that it will help to reduce the rapid rise in the prices of goods or inflation.
03:02 I agree because the biggest reason why inflation is rising in our country is primarily the rise in the prices of food and rice.
03:15 If we can reduce the price, it will have a positive effect on our economy.
03:21 Khalee Zalpordilla for Pambansang TV in Bagong, Philippines.
03:27 (upbeat music)