Gov’t moves to lower prices of essential goods, including rice

PTVPhilippines

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00:00On top of the news, food security begins with providing essential sustenance that all can afford.

00:06Hence, the Department of Agriculture has been tirelessly working to bring down the prices of the country's staple grain,

00:13with imported rice falling to 45 pesos a kilo of late, slowing down food and overall inflation.

00:20And as our Claisel Partilia reports, the DA's efforts have been complemented by the DSWD's livelihood programs and social amelioration measures.

00:32Rosaline, a cook at a local canteen, has been saving her earnings to prepare for her two children's expenses for the upcoming school year.

00:42She's also managed to save on rice, setting aside the extra to ensure she has enough for future needs.

00:49It used to be 60 pesos a kilo, but now it's 50 or 55.

00:53Where do you save your money?

00:55I save it when it comes to school.

00:58In line with President Ferdinand Marcos Jr.'s aim to make food more affordable for Filipinos,

01:05the Department of Agriculture has lowered the maximum suggested retail price of imported rice from 58 pesos in January to 45 pesos,

01:16which was implemented last Monday.

01:18According to Malacanang, this is the result of falling rice prices in the global market,

01:24coupled with government actions aimed at reducing the cost of rice domestically.

01:30MSRP was implemented after President Ferdinand R. Marcos Jr. approved a reduction in rice tariffs from 15% to 35% in July 2024.

01:43The DA reports the price of imported rice has dropped by 19 pesos, from 64 pesos per kilogram.

01:51The Philippine Statistics Authority added this slowed down the inflation in February.

01:56Meanwhile, rice retailer Christopher has seen his business benefit from these changes.

02:02In the past, it used to cost P1,350.

02:06Now, it's only P1,100.

02:10That's a huge increase.

02:12To further assist those in need, the Department of Social Welfare and Development has distributed livelihood assistance

02:20worth P375 to 25 beneficiaries of the Pantawid Pamilion Pilipino Program in Santa Ana, Cagayan.

02:29This assistance package will help expand and strengthen the livelihoods of beneficiaries.

02:37Included in the distribution were items such as a fish smoking machine, sealing machine, plastic bottles,

02:45and other materials needed for the production of fish paste and shrimp paste.

02:50Additionally, the local government of Santa Ana contributed P198,000 for the construction of a new facility

02:58to help produce fish products for the community.

03:01From PTV Manila, Klaizel Mardilia, Balita Pambansa.

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