Presyo ng bigas sa Blumentritt Market, bumaba | Unang Balita

Summary

Rice prices in Metro Manila have been steadily decreasing, benefiting both retailers and consumers. In Blumen market, rice prices have dropped by Php5 per kilo, improving sales for retailers like Cherry Mar Han. The price reduction is attributed to the government's Executive Order No. 62, which lowered import tariffs from 35% to 15%, also affecting the price of local palay. For businesses like karinderyas, this drop has led to higher profits. While the price of rice has fallen, its impact on local farmers remains mixed. Popular rice varieties such as Jasmine and Sinandomeng are now more affordable for consumers.

Takeaways

• 😀 Rice prices in Metro Manila markets have decreased recently.
• 😀 The price of rice in Blumen Market now ranges from ₱45 to ₱50 per kilo, a drop from ₱48-49 previously.
• 😀 Retailers, like Cherry Mar Han, have seen a boost in sales due to the price drop.
• 😀 Executive Order No. 62 reduced the tariff on imported rice from 35% to 15%, contributing to the price decrease.
• 😀 The price of local palay has dropped from ₱25 per kilo to ₱19-20 per kilo.
• 😀 The average price of regular milled rice in October was ₱50.20 per kilo, slightly lower than August’s ₱50.60.
• 😀 The price drop is beneficial for consumers, especially those running small businesses like carinderias.
• 😀 Popular rice varieties at Blumen Market include Jasmine rice, Sinandomeng, and imported rice from Vietnam.
• 😀 The tariff reduction aims to make rice more affordable to Filipino consumers, although it has mixed effects on local farmers.
• 😀 The continued drop in rice prices has been happening for the last five months, with a more than ₱2 per kilo reduction.

Q & A

What is the significance of the drop in rice prices in Metro Manila markets?

The drop in rice prices is significant as it has led to increased sales for retailers and businesses, such as those operating carinderias (small eateries), and is helping lower the cost of living, particularly as the holiday season approaches.

How much has the price of rice decreased in the past five months?

Over the past five months, the price of rice has decreased by more than Php 5 per kilo in some areas, with certain prices dropping to as low as Php 45 per kilo.

What impact has the price reduction had on local rice sellers?

Local rice sellers have experienced a boost in sales due to the lower prices, which has improved their profitability and made their products more accessible to consumers.

How did the Executive Order No. 62 affect rice prices?

Executive Order No. 62, which reduced the tariff on imported rice from 35% to 15%, has led to a decrease in rice prices, both locally and for imported rice varieties.

What does the Philippine Statistics Authority report about the average price of regular milled rice in October?

The Philippine Statistics Authority reported that the average price of regular milled rice in October was Php 50.20 per kilo, which is only slightly lower than the Php 50.66 per kilo price in August.

What are some of the varieties of rice available in the Blooming Market in Manila?

Some of the popular rice varieties available at the Blooming Market include Jasmine rice, Sinandomeng rice, and imported rice from Vietnam.

How has the price of local palay been affected by the policy changes?

The price of local palay has decreased, from Php 25 per kilo to Php 18 per kilo, as a result of the tariff reductions on imported rice.

Why is the price drop considered important for carinderia owners?

Carinderia owners are benefiting significantly from the price drop, as lower rice prices directly increase their profit margins and help reduce operational costs.

What is the role of local and imported rice suppliers in the price drop?

Both local and imported rice suppliers have adjusted their prices, which has led to a decrease in rice prices at the consumer level. This adjustment is linked to the tariff reductions and market dynamics.

What is the role of the Department of Agriculture in this situation?

The Department of Agriculture is expected to provide further statements regarding the impact of the price reductions on rice production and to monitor how the variety of rice available aligns with consumers' budgets.