00:00 The price of rice has dropped in some places in the country.
00:03 That's why the National Food Authority or NFA took action to buy rice at a high price so that the farmers won't lose money.
00:12 That's the surprise of Clayzel Pardilio.
00:15 Tomorrow, Ms. Vergel will host her rice in Barangay Calauitan, San Ildefonso, Bulacan.
00:23 She prays that her rice won't reach the market like what happened last week.
00:28 How much did you sell the rice?
00:30 1620 pesos.
00:33 I didn't earn anything.
00:35 I just bought rice at a low price.
00:38 It's fat.
00:39 It's good for medicine.
00:40 It's good for rice.
00:44 It's very expensive.
00:46 I hope it won't rain.
00:47 And then,
00:48 I hope the price will be good.
00:52 But Mang Boy is sure that he's already losing money.
00:55 He's drying the rice that was wet by the rain today.
00:59 The government won't buy it.
01:01 They won't buy it.
01:03 You need to dry it first.
01:04 We'll do double labor.
01:06 And the rice will be big.
01:09 According to the rice authority, the price of rice has dropped in some places in the country.
01:13 In Iloilo, for example, the price is 15 pesos per kilo, 17 pesos in Laguna, and 19 pesos in Isabela.
01:21 If the price of rice is like that, our farmers will lose money because of the increase in their production and the increase in the price of the land.
01:34 To help the farmers, the National Food Authority will buy rice at a higher price.
01:40 From 19 pesos, they increased it to 23 pesos per kilo of dried rice. The previous 16 pesos were made to 19 pesos of wet or fresh rice.
01:52 This is a big help, said the rice authorities, but they are strict.
01:56 The NFA should go to the barangays where farmers are farming and build buying stations there so that it will be accessible to us.
02:10 More than 10 million metric tons of rice is expected to be produced from September to December this year.
02:18 To make the program more effective and beneficial, the NFA will buy 10 percent or 1 million metric tons of rice from the farmers.
02:32 But to do this, the NFA needs a budget of 25 billion pesos.
02:38 The NFA will buy 8.5 billion pesos, which is around 340,000 metric tons.
02:51 So around 3.4 percent of our rice will not be affected by the increase in the price of rice to 23 pesos.
03:09 The NFA will buy rice and sell the remaining rice twice.
03:17 The NFA is now issuing guidelines on how to buy rice at a higher price.
03:23 If the agency is sure, it will help in the future.
03:28 Even if it is not yet, the NFA will continue to buy rice.
