Mas murang bigas sa Pasko, mabibili kasunod ng pagbawi ng export ban sa bigas ng India

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Good news! Sa nalalapit na Kapaskuhan, mas murang bigas na ang mabibili sa mga pamilihan, ayan sa Agriculture department.

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Transcript

00:00Good news! As Christmas approaches, it will be cheaper to buy rice for families, according to the Agriculture Department.

00:09Why? Let's find out in this episode of Bernadette Reyes.

00:16The price of imported rice increased in this place of Oliver in Quezon City when the export ban was implemented in India in July 2023.

00:25The reason why the market in India closed is that we used to sell rice at a retail price of P65 per kilo.

00:32Our business' capital is also affected.

00:35But India has already repealed the ban.

00:37This will help in reducing the price of rice, even if the percentage of rice imported by the Philippines from India is smaller compared to Vietnam and Thailand.

00:47Rice will be free up and more people will be able to trade in the whole world.

00:52Indian rice is also cheaper compared to Vietnam.

00:56It can drive the price of international rice.

01:01According to the Department of Agriculture, in addition to increasing the supply in the international market,

01:06India is now open to export, which will help to lower the price of rice in the country.

01:12We can feel the effect of Executive Order No. 62 where the price of imported rice is lowered by 15%.

01:20It's really slow.

01:22Imagine, we were coming from P55 to P52, P50.

01:27Now, we can see P42 to P45.

01:30That's a big change.

01:31That's a very significant change in the drop in the price of rice.

01:35But we're still expecting that the price will go down.

01:37The effect of India's departure from the rice export ban will not be felt immediately.

01:41But it's possible that rice will become cheaper this Christmas.

01:45It will take another month.

01:47They will be able to save this Christmas time, this very month.

01:50Agri-Products will also monitor the stores so that no one will be able to sell,

01:55just like what happened to the millions of kilos of rice in the past.

01:58There will be no overstaying.

02:02It's good to have containers that contain agricultural commodities.

02:08More than 500 containers have been exported.

02:11There is another container that has been staying in Manila South Harbor for almost 300 days.

02:16According to the PPA, the terminal operator said that it will be endorsed by the BOC.

02:22For GMA Integrated News, Bernadette Reyes, Nakatuto, 24 Hours.

02:31.

Mas murang bigas sa Pasko, mabibili kasunod ng pagbawi ng export ban sa bigas ng India | 24 Oras

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