Importasyon ng bigas ng Pilipinas, bumaba ayon sa D.A.; isang int’l agriculture economist, tinawag na 'game changer' ang mga ipinatutupad na reporma ng D.A.

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Importasyon ng bigas ng Pilipinas, bumaba ayon sa D.A.; isang int’l agriculture economist, tinawag na 'game changer' ang mga ipinatutupad na reporma ng D.A.

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Transcript

00:00Meanwhile, the reforms implemented by the Agriculture Department, especially in the supply and price of rice, are bearing fruit.

00:09In fact, the so-called rise of the government is being fought by an international economist

00:16who became the reason for calling the Philippines a game-changer in the global rice market.

00:22Vel Custodio, in the center of the news.

00:25The need for importation in the Philippines is shrinking this year.

00:32Importation of their primary agricultural products is declining, according to the Department of Agriculture.

00:39As of March 13, 641,000 tons of rice were imported,

00:42which is almost half of the importation of 1.2 million metric tons last year.

00:49Plus, the expectation is that the harvest will be good this year.

00:53The DA also suggested several effective market reforms to lower and stabilize the price of rice in the market.

01:00The departure of India from the import ban on non-basmati white rice,

01:06plus the aggressive actions of the DA, of course the Secretary,

01:12on MSRP, plus the control on smuggling, hoarding, and the real movement in the markets.

01:22The need for imported rice is now becoming predictive.

01:28Because of this effort, the Philippines is also being recognized internationally

01:33as one of the major reasons for lowering the price of rice in the world market.

01:38According to an Indian-American agriculture economist and award-winning global food innovator,

01:43Samarindo Muhante, the reforms in the Philippines and India in the last part of 2024

01:49have an effect on the status of the global rice market.

01:52The implementation of MSRP in the Philippines and the decision of India to remove the long-term restriction on export

01:59is giving a big boost to lower the price of rice in the global market.

02:04Based on the last part, 18% of the rice price in the world was lowered,

02:10and it is expected to continue to go down this year.

02:13Vel Custodio for Pambansang TV in Bagong, Philippines.

Importasyon ng bigas ng Pilipinas, bumaba ayon sa D.A.; isang int’l agriculture economist, tinawag na 'game changer' ang mga ipinatutupad na reporma ng D.A.

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Transcript

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