PRISM - Mas murang bigas, posibleng mabili sa Disyembre dahil sa pagtanggal ng rice export ban ng India | Balitanghali
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NewsTranscript
00:00Possible cheaper rice will be purchased in December, according to the Philippine Rice Industry Stakeholders Movement, or PRISEM.
00:11This is followed by India's recovery from their export ban on rice.
00:15The Department of Agriculture said this will help increase the supply of rice in the international market.
00:22The Executive Order 62 is also expected to help reduce the so-called taripa in imported rice by 15%.
00:31According to the latest DA price monitoring in their market,
00:35regular milled rice is priced at Php42 to Php48 per kilo and well-milled rice is priced at Php45 to Php55 per kilo.
00:46It will last for a month.
00:49They will be able to save this Christmas time, this very month.
00:53It's really slow.
00:55Imagine, we were coming from Php55 to Php52 to Php50.
01:00Now, we can see Php42 to Php45.
01:03That's big.
01:04That's a very significant change in the drop in the price of rice.
01:08But we're still expecting that it can still go down.
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