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NewsTranscript
00:00The National Food Authority or NFA will now allow the sale of these rice bags
00:05when the Food Security Emergency is declared in rice.
00:08This is the target declared by the Agriculture Department on Tuesday.
00:12Witness, Bernadette Reyes.
00:14Yesterday, the Department of Agriculture received the resolution
00:21from the National Price Coordinating Council
00:24that is pushing for the declaration of the Food Security Emergency.
00:27Under this, the National Food Authority will be able to sell the rice
00:31that is in a box in their warehouses.
00:34That is why the DA said that it is also possible that on Tuesday, February 4,
00:37the Food Security Emergency will be declared in rice.
00:40That is very welcome because the contents of the warehouses will be reduced
00:44and our farmers will be happy that they can buy the NFA of rice from now
00:51because there is a storage.
00:52And releasing 300,000 tons of rice to the market within six months,
00:57I think will soften the market and hopefully, the price of rice will go down a bit.
01:02Some retailers were enraged.
01:04They hope that they can also sell rice from the NFA.
01:07That is a big help, ma'am.
01:09The customer will also benefit.
01:11If you don't have rice, you can buy it.
01:13So that you can also earn money for food.
01:16In various agencies and local governments,
01:19NFA is allowed to sell their rice for P36 per kilo.
01:24It will be transferred to buyers for P38 per kilo.
01:28Next week, the sale of rice will be launched
01:33in grocery, supermarket, and convenience stores.
01:36P29 per kilo of rice will be sold under the P29 program,
01:40Solid Rice and Rice for All.
01:42It is normal for the DA to have an agreement
01:44with a supermarket grocery chain
01:46to sell P29 per kilo of rice.
01:49Despite the price of rice going down,
01:51the Department of Agriculture is worried
01:54that the price of eggs might go up
01:56by the end of April
01:57due to the possible shortage of supply.
02:00The DA explained that many people
02:02stopped breeding chicken eggs last year
02:05when the farm gate price of eggs went down.
02:08In the monitoring of the DA,
02:09the usual size of eggs varies from P7 to P9 per piece.
02:14But according to the Philippine Egg Board Association,
02:17they don't see any problem with the supply of eggs,
02:20except if there is a bird flu outbreak.
02:23Our projection this year is that
02:26we have an expected oversupply
02:28in the production of eggs.
02:30The parent stock that arrived last year
02:33will now start to be productive.
02:36If there is an outbreak,
02:37we will have a problem with the supply of eggs.
02:40For GMA Integrated News,
02:42I am Brunette Reyes,
02:44your Saksi.
02:50For GMA Integrated News, I am Brunette Reyes,
02:52your Saksi.