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Maximum Suggested Retail Price sa imported na bigas, ipatutupad sa Jan. 20
PTVPhilippines
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1/10/2025
Maximum Suggested Retail Price sa imported na bigas, ipatutupad sa Jan. 20
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Display full video transcript
00:00
Meanwhile, the implementation of the maximum suggested retail price for imported rice is already done.
00:06
This January, this is Isaiah Mirafuentes' story.
00:11
Twice a month, Alaisa goes to the grocery store.
00:15
They say that there are a lot of people living in their house,
00:17
and they are able to afford their 12,000 pesos budget in groceries every month.
00:21
If you look at it, it's big.
00:23
But it seems like Alaisa only bought a handful.
00:26
She is worried if the price of groceries will increase.
00:30
Of course, it's hard, especially for people like us.
00:33
We don't have a lot of work. It's hard.
00:36
But according to the Department of Trade and Industry,
00:39
it's possible that the price of groceries will increase,
00:42
but they assure that it won't reach 5%.
00:46
Actually, these manufacturers, they really also understand the plight of the consumers.
00:52
So, they understand.
00:54
So, we also have constant conversations and constant meetings with them.
01:00
Some of the expected increases are bread, sardines, noodles, coffee, and milk.
01:06
Meanwhile, the Department of Archiculture will set the maximum suggested retail price for imported rice.
01:12
According to the DA, starting January 20, the most expensive imported rice is already 58 pesos.
01:18
We cannot set it. We will recommend to the President price ceilings.
01:22
The President will declare the price ceilings.
01:25
As of now, the price of imported rice has reached 65 pesos.
01:30
They will also consult with the supermarkets
01:33
to make sure that the expected price of imported rice will follow.
01:37
The DA is also starting to sell cheap rice for 36 pesos.
01:43
And through this, the price of rice will be lowered.
01:47
Maybe a little.
01:48
Because, of course, if more people buy the cheap rice, then the demand shifts.
01:54
The demand will move from this 5% rice to cheap rice.
01:59
It is expected that there will be a full launching of cheap rice in the next few days.
02:05
I am Sayang Mira Fuentes for Pambansang TV in Bagong, Philippines.
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1:47
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