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NewsTranscript
00:00Starting this Wednesday, February 5, 55 pesos per kilo is the maximum suggested retail price, MSRP, of the Department of Agriculture for imported rice.
00:11Can you feel that in the market?
00:13Live from Pasig City, we have the first news, EJ Gomez. EJ.
00:19Igan, starting today, the minimum suggested retail price of 55 pesos per kilo for imported rice will be implemented.
00:34Can you feel that the price of rice is going down here in Pasig Mega Market, according to some buyers?
00:40Yes.
00:42Even I can feel it.
00:44At 4 o'clock in the morning, we went to the rice vendor in Pasig Mega Market.
00:51Starting today, the Department of Agriculture in Metro Manila will implement the minimum suggested retail price or MSRP of imported rice.
01:01The previous MSRP of 58 pesos per kilo of rice is now 55 pesos.
01:07According to some sellers, they can feel the price of rice going down.
01:12We can now have a good price of 14 pesos, although I have 38 pesos.
01:16So, it's just a bit high, but the price of rice is good.
01:22Now, people are buying from low prices.
01:25Marcelina is also saving money. She buys rice daily for her rice vendor.
01:30I can earn 48 pesos daily. That's why I'm buying.
01:36It's good. It's light. It's good to eat.
01:40Here in Pasig Mega Market, each kilo of ordinary local rice can be bought for 42 pesos to 64 pesos, while the premium price is 53 pesos per kilo.
01:50As for imported rice, like jasmine and the ones imported from Thailand, it is sold at a lower price of 53 pesos to 55 pesos per kilo.
01:59It's only 1,125 pesos.
02:02Before, it was 1,150 pesos.
02:05The price of rice that she sells can now be added to other prices.
02:09Everything is going up.
02:12This is the first time I feel that the price of rice is going down.
02:15I hope that the price of rice will continue to go down.
02:17My discard right now is to try lower prices of rice so that I can save more.
02:24Before, I used to buy 46 pesos.
02:28Following the declaration of the Food Emergency on rice,
02:30NFA rice can now be bought for 35 pesos per kilo for the next few days.
02:36The National Food Authority, or NFA, will issue stocks of well-milled rice,
02:40weighing up to 150,000 metric tons, within six months to be sold to the public.
02:46It will be sold to local governments, government-owned and controlled corporations, or GOCCs,
02:52and the President's outlets.
02:58Igan, according to some rice vendors,
03:00the amount of rice that are being bought by Mami Mili is increasing.
03:04Now, there is a decrease in the price of rice.
03:07But they say that it's better if the price goes down
03:12so that the public can buy more.
03:15And of course, so that the income of the sellers can be added.
03:20And that's the first news from Pasig City.
03:24The first news is from Pasig City.
03:26EJ Gomez for GMA Integrated News.