00:00The National Food Authority is ready to issue rice to declare a food security emergency to lower the price of rice.
00:09According to the Agriculture Department, they expect to receive the recommendation from the National Price Coordinating Council next week to start the process.
00:21But despite the fact that there is no final recommendation from me,
00:26the NFA has a plan which we will announce next week on the rollout of this NFA rice once we issue the rice emergency.
00:35A letter of intent has been issued to a lot of LGUs and OGCCs, to the Armed Forces and to the PNP,
00:44so that we know how many rice they want.
00:47So it's a matter of rollout.
00:50The stocks are there, the stocks are positioned.
