• 2 months ago
Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.

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Transcript
00:00We'll talk to a consumer.
00:02The price of rice has dropped in a market in Mandaluyong.
00:06How much? Find out in the first news live of Bam Alegre.
00:09Bam!
00:14Good morning, Igor.
00:15In times when you want to extra-rice but are forced to diet because of the budget shortage,
00:19the price of rice per kilo has dropped in some markets,
00:22like here, in Kalentong Market in Mandaluyong.
00:25In the past, 57 pesos per kilo was the lowest price of rice in Joey Calasoro's store.
00:33But he noticed that since the arrival of rice from local rice farmers,
00:37the price has dropped.
00:38Anyway, he's now selling rice for 50 pesos per kilo.
00:42It's really important.
00:43Because it won't move in the market if they don't export it.
00:47For example, if they hoard the rice,
00:51the consumers will be pitiful because they'll be forced to buy rice at a high price
00:57if the supply is not enough.
01:00There are many ways for the price of rice to continue to drop.
01:03In the government's plan, the Executive Order 62 was issued in June
01:07to reduce the price of rice from 35% to 15%.
01:12The Anti-Agricultural Economic Sabotage Act was also passed yesterday
01:16to impose higher fines and punish the last smugglers
01:20of the so-called Agricultural Economic Sabotage in the country.
01:24It's also a barrier so that the price of rice won't drop.
01:28Some farmers chose to build barriers to keep the price of rice at a high level
01:33because they're having a hard time budgeting for the prices of rice.
01:36If it's a law, then it's okay. It's a protection.
01:39It's better because it's expensive to buy.
01:42It's unfair to others that someone would hoard rice at a high price.
01:47It hurts their feelings.
01:48Yes, it hurts their feelings.
01:49Even though the price of rice has increased, the price of rice is still high.
02:00A group of farmers, the Federation of Free Farmers,
02:03announced that the price of rice in the family will be lower
02:08if the savings go to the consumers and not to the rice importers.
02:12This is the first news from Mandaluyong.
02:14Bamalegre for GMA Integrated News.
02:38For more UN videos visit www.un.org

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