Pres. Marcos Jr. backs impending declaration of food security emergency in light of increasing rice prices

PTVPhilippines

Pres. Marcos Jr. backs impending declaration of food security emergency in light of increasing rice prices   For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00further than our markets jr. expressed support for food security emergency to ensure affordable

00:05rice prices the chief executive acknowledged the government's efforts to lower commodity prices

00:10especially the staple grain but noted that prices in markets continue to rise he emphasized the

00:16declaration is a necessary step to stabilize the market without burdening consumers the president

00:22also highlighted this measure would help improve the functioning of the market and prevent further

00:27price increases the reason that we are doing this is

00:38the market is not being allowed to work properly

00:42the demand and supply curve

00:52and so we have to force that price down and we have to make sure that the market works properly

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