00:00Even though it's time for the harvest, the Department of Agriculture has decided that onions must be harvested
00:07because there is a shortage of supply this February.
00:10It is possible that at the end of the month, the study results will be released
00:15on the implementation of the Maximum Suggested Retail Price on pork.
00:19And it was reported to Maris Umali.
00:22Following the cooperation of several government agencies with President Bombom Marcos this morning,
00:28Agriculture Secretary Francisco T. Laurel Jr. announced that it is expected to be released at the end of the month
00:35the study results on the implementation of the Maximum Suggested Retail Price on pork.
00:40This is in line with the continuous increase in the price of pork, which has already reached more than P400 per kilo in some markets.
00:48The farm gate is now P240 to P250.
00:51Why is there a price of P380 to P420 in the market?
00:56I hope it will reach P100.
00:58It's a gap that I can see.
01:01We're currently studying that and digging deep into the whole value chain of pork
01:07to see if there is a profit-eating or not.
01:12The maximum suggested retail price on rice has already reached P55.
01:19But Secretary T. Laurel Jr. said that the MSRP of rice will drop to P52 per kilo by February 15 and March 1.
01:29It is expected that a new stock will be bought from Vietnam, Myanmar, and Cambodia that is cheaper.
01:35That is why it is expected that the MSRP of 5% broken rice of P64 per kilo will drop to P49 per kilo by March 1.
01:44Following the declaration of the Food Emergency Administration,
01:48Secretary T. Laurel Jr. said that more than 50 LGUs have already announced their intention to buy NFA rice.
01:55Secretary T. Laurel Jr. also defended the removal of onions,
02:00even though some groups of farmers declared that it might affect their income during the rainy season.
02:08According to our BPI data, there is a deficit of 7,000 tons by February.
02:13It's hard for me to do nothing and just let the situation wait for the farmers to harvest.
02:22I have to think of the consumers also, not just the farmers.
02:26What we did is very tactical. Limited volume, limited quantity, limited time.
02:32So it shouldn't address any spikes.
02:36For GMA Integrated News, Maryse Umali.
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