D.A., positibong bababa na ang presyo ng bigas sa Agosto matapos aprubahan ng NEDA ang rekomendasyong bawasan ang taripa sa inaangkat na bigas

Transcript

00:00Good evening, Filipino people. We hope that the price of rice will start to fall in the coming August.

00:08This was approved by the National Economic and Development Authority.

00:12The recommendation is to reduce the price of rice being imported.

00:17Senate President Chief Escudero is positive that reducing the price of rice will help in reducing the price of goods.

00:25That is what Clayzel Pardilla said.

00:29What we do is half a kilo of rice, half a kilo of rice, so that we can survive.

00:40That is how Richie budgets for rice. His income is just enough as a tricycle driver.

00:46In the price monitoring of the Department of Agriculture, each kilo of imported rice plays at P49 to P65.

00:56P45 is the cheapest in the local market, while P66 is the most expensive.

01:03Some businessmen can no longer afford the high price.

01:07Before, we can buy one sack of rice. Now, it's just a few.

01:12Before, you can buy 10 sacks of rice. Now, you can buy 7 sacks of rice.

01:18The price is too high. The price of rice is increasing. The price of rice is decreasing.

01:23In order to lower the price of rice, the National Economic and Development Authority approved the recommendation

01:31to reduce the price of imported rice.

01:34From 35 percent, P15 was increased to 15 percent.

01:41According to the DA, the price of imported rice will be reduced by P6 to P7.

01:48The DA is hopeful that the decision to substantially reduce the duties on imported rice

01:55will drive down the obvious retail prices of our rice.

02:01The rice from Vietnam will arrive two to three weeks before us.

02:07We can expect it to arrive by August.

02:10However, a few groups of rice farmers did not go through the consultation.

02:17They are afraid that the price of rice will drop.

02:21Surely, the rice from imported rice will also be reduced,

02:26which is used as an aid for the farmers.

02:30Our estimate is that the price of rice can go down by about P4 to P5 per kilo

02:37because of this tariff reduction on rice.

02:42Surely, the price of rice will go down because of the effect of imported rice.

02:48However, there is no assurance that the price of rice will go down

02:52because the difference between importers and traders is increasing.

02:59But they never look at what will happen to farmers.

03:02Senator Aimee Marcos also insisted on the reduction of tariffs.

03:06She is sure that the markets will be affected by imported rice.

03:10She said that the price of imported rice will not go down.

03:13Senate President Cheese Escudero is positive that this will help

03:18to reduce the rapid increase of the price of goods in the country.

03:22I agree because the biggest reason why inflation is increasing in our country,

03:28is to increase the price of food and to increase the price of rice.

03:35If we can reduce this, it will have a big positive effect on our economy.

03:40He said that the price of rice is going down because of the rapid increase in the market.

03:44That is why the Philippine Statistics Authority said so.

03:48We would be expecting reduction in the price of rice, reduction in the rice inflation.

03:52Kalei Zalpordilia for Pambansang TV in the new Philippines.