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NewsTranscript
00:00Let's take a look at the price of rice in the labor market.
00:04Live from Manila, we have the first news, Shomer Apresco.
00:07Shomer, how much is it now?
00:13Maris, good morning. The price of rice is not fluctuating.
00:16That's what some rice retailers said when I talked to them here in the labor market in Manila.
00:21The price of rice is still high in our hearts this month of July.
00:31The price of rice is still not fluctuating compared to the past two months.
00:36In fact, here in the labor market in Manila,
00:39the price of well-milled rice was reduced by only P4 per kilo since April.
00:45Before, there was no P50, no P48, but now there is.
00:48However, there are also some rice here where the price of regular milled and well-milled rice is the same.
00:54It is noteworthy that the price of imported rice is reduced.
00:59It is reduced from P100 to P150 per sack of 25 kilos of rice,
01:06which is equivalent to P4 to P6 per kilo.
01:09It is expected that the price of rice will really decrease in the coming month of September.
01:15It depends. If there are a lot of stocks and a lot of imported rice arrives,
01:19it is possible that the price will not change and it will still go down.
01:22Although the price is high, the public is more fond of well-milled rice that is P60 per kilo.
01:29If the retailers will ask, they prefer to return the price ceiling to rice.
01:34This is the Executive Order No. 39 of last year,
01:37where the regular milled was only P41 while the well-milled was P45.
01:44It would be better to have that, but with the current price, that price is not yet acceptable.
01:53Meanwhile, Maris, there are some retailers here who will buy more rice per sack
01:58so that it can be saved in any way compared to the price of rice that is sold per kilo.
02:04That is the latest from Manila. I am Jomer Apresto for GMA Integrated News.
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