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MANILA, Philippines — Primarily based on present information, reducing the value of rice to P20 a kilo is “not but potential” as of the second, Division of Agriculture (DA) Secretary William Dar stated Wednesday.
Dar stated that previous to the battle between Ukraine and Russia, manufacturing price of palay was at P11.50 per kilo. Nonetheless, with rising fertilizer and gasoline price, palay manufacturing price has soared to P14.80 per kilo.
“Now, ang farmgate value natin naman, ‘yung bibilhin mo ng palay, at 14 p.c moisture content material, ay P19 ang current na farmgate value,” Dar stated in an interview with Teleradyo.
(At the moment, the farmgate value—or once you purchase the palay at 14 p.c moisture content material—is at P19 per kilo.)
“So titingnan natin yun kung kaya ba ng P20 ang kilo ng bigas. With this information, it’s not but potential,” he added.
(So if we’re going to have a look at whether or not or not P20 pesos per kilo of rice is feasible, with this information, it’s not but potential.)
To attain this, Dar stated that manufacturing price needs to be lowered. He identified that in Thailand, the price of manufacturing of palay is present at P8 per kilo.
The price is even decrease in Vietnam at P6 per kilo, he added.
“Gusto kong idagdag na yung aspiration ng ating president-elect [Bongbong Marcos] ay magandang pangitain yan na lahat ng magawa natin, i-planong maigi how we will obtain that degree of value for rice na P20,” Dar stated.
(I wish to add that the aspiration of our president-elect Bongbong Marcos is an efficient signal. All of our endeavors needs to be deliberate so we will obtain that degree of value for rice at P20.)
“So one method to actually scale back the value of rice is to scale back your price of manufacturing,” he added.
Throughout his marketing campaign, president-elect Ferdinand “Bongbong” Marcos Jr. stated he’ll work to deliver down the value of rice to as little as P20 per kilo. Following his win, Marcos Jr. stated bringing down the value of rice to round P20 is the “aspiration.”
Earlier this week, Division of Agrarian Reform Secretary Bernie Cruz stated they’ve crafted a method to realize Marcos Jr.’s objective as early as 2023.
Cruz stated that the aspiration is feasible by means of the company’s mega farm undertaking.
Dar, nonetheless, stated the one means that is potential is that if the federal government will purchase the rice from the farmers and promote it at P20 per kilo. This can price the federal government round P123 billion, he stated.
“Nagtataka ako na kaya nila agad… Ako the one method to have that ay i-subsidize mo. Bilhin mo ang rice at ibenta mo ng P20. Kung kaya nila ay it’s going to take some huge cash,” Dar stated.
(I’m appalled… For me, the one method to have that’s by subsidizing it, shopping for the rice, and promoting it at P20. If they will, it’s going to take some huge cash.)
JPV
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