Pagkakaroon umano ng cartel na nagmamanipula sa presyo ng bigas, itinanggi ng ilang importer | Unang Balita - video Dailymotion

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00:00It was recorded in the camera that the price of rice went up in Buatan.

00:05That's why the price of rice is still high among the families.

00:09The importers also denied the allegation that there's a cartel manipulating the price of rice.

00:15Here's the latest news, Jonathan Andal.

00:21The price of imported rice varies from P40 to P64 per kilo in the market.

00:26It depends on the class.

00:28Based on the latest monitoring of the Department of Agriculture,

00:30the price of rice is still high even though there's an oversupply of rice

00:34and even though the price of rice was reduced by 20% since last July.

00:38That's why the congressmen believe that there's a cartel in the rice industry.

00:43Our rice is in the warehouse.

00:48They don't export it.

00:50That's why the price didn't go down.

00:52The farmers were affected.

00:54Nothing happened to the consumers because there's a cartel in Buatan.

01:01I think there's something wrong with our government agencies.

01:06Why don't we meet our target of reducing the price of rice?

01:12The farm gate price went down.

01:14The landed cost went down.

01:17It should translate to lower retail but that's not what happened.

01:23According to the Quinta Committee of the Camera,

01:25the 10 largest importers of rice in the Philippines

01:29denied the allegation that there's a cartel manipulating the price of rice.

01:34We don't have a cartel.

01:36We don't do profiteering.

01:40We're dictated by the market prices.

01:43We don't do hoarding.

01:45We blame the spotlights of the importers.

01:49In fact, what we see is the problem with the retailers.

01:52According to the Bureau of Customs,

01:54when imported rice arrives in the country,

01:56its price is P33 per kilo or the so-called landed cost.

02:01The importer will take it and they say

02:03they sell it to the wholesaler for P35 to P40.

02:07When it arrives to the wholesaler,

02:09the rice will be sold to the dealer before it arrives to the retailer in the market.

02:13They're fooling us somewhere else.

02:15According to the Bureau of Customs, it's P33.

02:18According to the wholesaler,

02:20they sell it for P35 to P40.

02:22Why is it sold to the market for P50?

02:24A large rice importer is still a bit contemptible.

02:28He said that he imported P1 billion worth of rice this year

02:32but it's impossible to say how much they earn.

02:35It's impossible, sir, that you don't know how much you earn.

02:39My wife is the one who's computing.

02:41Our detention facility is spacious, Mr. Chair.

02:44He told me the truth.

02:45I think you're lying.

02:47We're wondering why the prices are so high

02:50and the importer has nothing to do with it.

02:52I can't accept that, Mr. Chair.

02:55May I now request AMLA, Mr. Chair,

03:00to check the financial records and transactions of all these top importers.

03:09The Department of Agriculture can't say if there's a cartel for rice.

03:14I cannot categorize that there is.

03:16It's not mandatory to say that.

03:18This is the first news.

03:20Jonathan Andal for GMA Integrated News.

03:39GMA Integrated News

Pagkakaroon umano ng cartel na nagmamanipula sa presyo ng bigas, itinanggi ng ilang importer | Unang Balita

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