Mga magsasaka, nangangamba para sa kita kasunod ng pahayag ng Department of Agriculture... | 24 Oras
Summary
TLDRThe Philippine Agriculture Department announces a planned rice harvest in January 2025, expecting a price drop from 50 PHP to 45 PHP per kilo. Despite high local palay prices earlier this year, the industry anticipates a decrease by November due to the nearing harvest season. The Federation of Free Farmers credits the expected price drop to the upcoming harvest rather than tariff cuts. However, concerns arise over the potential negative impact on farmers' earnings and the government's obsession with lowering rice prices.
Takeaways
- 📅 The Department of Agriculture announced that the price of rice is expected to decrease by January 2025.
- 🌾 Current rice prices are at 50 PHP per kilo, but are expected to drop to 45 PHP by January.
- 📉 The announcement was made in relation to the lower prices of imported rice stocks.
- 🛒 There are still many stocks of imported rice bought at a high price, but they are running out.
- 📉 Local palay was bought at a high price (PHP 0 per kilo) from January to June, but stocks are also depleting.
- 🌾 The agricultural industry estimates that by November, there will be a shortage of local palay.
- 📉 The price of palay is expected to drop to PHP 3, which could lead to a decrease in rice prices.
- 🌾 There is an expectation of 8 to 9 million metric tons of palay to be bought, which could further decrease rice prices.
- 🤔 There is a question about whether the price of rice will remain low after January.
- 📉 The decrease in rice prices is good news for consumers but may result in lower income for Filipino farmers.
- 📉 The price of imported regular milled rice has dropped by 5 PHP, while local regular milled rice has only dropped by 72 centavos.
Q & A
What announcement did the agriculture department make regarding rice prices?
-The agriculture department announced that they will lower the price of rice in January, with the price expected to drop from 50 to 45 pesos per kilo.
What is Sandra Aguinaldo's estimate for the price of rice by January?
-Sandra Aguinaldo estimates that if the current price of rice is 50 pesos per kilo, it should be 45 pesos by January.
What is the current situation with the stocks of imported rice?
-There are still many stocks of imported rice, but they are gradually running out.
Why were local palay bought at a high price?
-Local palay was bought at a high price of 50 pesos per kilo from January to June of this year.
What is the expected harvest time for the upcoming season?
-The expected harvest time for the upcoming season is from October to December.
What is the estimated rice production for the coming season?
-The estimated rice production for the coming season is 8 to 9 million metric tons.
What is the expected impact of buying palay at PHP3 on rice prices?
-If the purchase price of palay is PHP3, it is expected that the price of rice will decrease.
What is the concern of the farmers regarding the lowering of rice prices?
-The concern is that the lowering of rice prices will result in reduced income for the farmers.
What is the current price movement for imported regular milled rice?
-The price movement for imported regular milled rice is Php5 increase, while local regular milled rice only decreased by 72 centavos.
What is the stance of the Sinag and Federation of Free Farmers on Executive Order 62?
-They believe that Executive Order 62, which lowered the rice tariff on imported rice, should not be credited for the expected price drop. Instead, they argue that it should be the removal of the order that is studied.
What is the reported profit of rice importers due to the tariff cuts?
-It is reported that rice importers are estimated to have earned 5 billion pesos due to the tariff cuts.
What is the call to action from the rice importers regarding the tariff cuts?
-The rice importers are calling for a reaction from the government and the Department of Agriculture regarding the tariff cuts.
Outlines
🌾 Rice Price Predictions for 2025
The Agriculture Department has announced that rice prices are expected to decrease by January 2025. Sandra Aguinaldo estimates that if the current price is PHP50 per kilo, it should drop to PHP45 by January. The decrease is anticipated due to an increase in rice stocks, including imported stocks that were bought at a high price. However, the concern is that many local palay were bought at PHP50 per kilo from January to June, which is expected to deplete by November. The industry association suggests that if the price of palay drops to PHP3, the price of rice should also decrease. The question remains whether the price of rice will remain low, as the Department of Agriculture's announcement is aimed at lowering prices, which may affect the income of Filipino farmers. The expected decrease in rice prices is seen as good news for consumers but may lead to reduced earnings for farmers. The current situation has farmers lowering the price of palay to ensure they still make a profit by the harvest time in October and November.
Mindmap
Keywords
💡Agriculture Department
💡Rice Prices
💡Imported Rice
💡Palay
💡Tariff Cuts
💡Stocks
💡Harvest Time
💡Farmers' Profits
💡Executive Order 62
💡Federation of Free Farmers
💡GMA Integrated News
Highlights
Agriculture department announces rice prices will be lowered in January 2025.
Sandra Aguinaldo estimates a decrease in rice prices from PHP 50 to PHP 45 by January.
The Department of Agriculture expects lower rice prices due to increased stocks.
Imported rice stocks were bought at high prices, leading to a decrease in local palay purchases.
The agriculture industry anticipates a harvest from October to December, which may affect rice prices.
There is an expectation of 8 to 9 million metric tons of rice, which could lead to further price drops.
The price of rice is expected to naturally decrease without the need for tariff cuts.
The Department of Agriculture is questioned for its obsession with lowering rice prices.
The expected lower rice prices are good news for consumers but may result in reduced income for Filipino farmers.
Millers and traders are expected to buy lower-priced palay to achieve a PHP7 profit margin.
Farmers are currently lowering the price of palay to ensure profits during the harvest season.
Some farmers in Ilocos Norte are struggling due to the high cost of inputs.
GMA integrated news research shows a PHP5 increase in imported regular meal rice prices.
Local regular milled rice only saw a decrease of 72 centavos, while well-milled decreased by 53 centavos.
Sinag and the Federation of Free Farmers claim that Executive Order 62 is not the reason for the expected price drop.
It is suggested that the decrease in rice prices is due to the study by the FFfF from President Marcos' administration.
Rice importers are estimated to have earned 5 billion pesos due to tariff cuts.
There is a call for the government and the Department of Agriculture to react to the situation.
Sandra Aguinaldo reports on the 24 Oras news program.
Transcripts
nangangamba ang mga magsasaka para sa
kanilang kita sa
2025 kasunod yan ang anunsyo ng
agriculture department na magmumura ang
bigas sa Enero yan ang tinutuka ni
Sandra
Aguinaldo kung 52 ngayon ang kunyari ang
bigas dapat by January nasa 48 na lang
yan kung 50 ang bigas ngayon 45 dapat
yan by January yan ang aking estimates
anunsyo ito kahapon ng Department of
agriculture kaugnay ng mas mababang
presyo ng bigas pagdating ng Enero ng
susunod na taon Marami pa tayong stocks
ng Iyung stocks na imported na nabili ng
mahal Paubos na but the problem is
maraming nabiling local palay at a very
high price sa ph0 per kilo from January
to June of this year marami pang stock
non so but Paubos na rin tingin ko by
November yan isang ayon ang samahang
industriya ng agrikultura dahil
nalalapit na raw ang anihan simula
katapusan na Oktubre hanggang Disyembre
This coming is mga 8 to 9 million metric
tons hopefully aabot tayo ng mas malaki
pa kung ang bili natin ng palay is
ph3 doon magkakaroon ng pagbaba ng
presyo yung bigas natin by Ganyan din
ang paniwala ng grupong feder
fers Ang tanong kung mananatili bang
mababa ang presyo ng bigas parating na
kasi yung ani natin so even without the
tariff cuts the the prices will
naturally go down We don't see any
reason why the da is so obsessed Uh with
bringing down the prices of
rise when Hindi naman sila ang nagtulak
niyan ang susunod na tanong diyan How
about after janu
mananatili bang mababa yan Pero kung
good new sa mga mamimili ang inaasahang
pagbaba ng presyo ng bigas sa anunsyo
raw ng DA asahan ng liliit ang kita ng
mga magsasakang Pilipino sa anang
darating dapat yung mga meer and traders
bumili ng mas mababa na palay
ah para makuha yung php7 yung mga
traders ngayon na bumibili na nung palay
n mga magsasaka dahil harvest Time na
kaya ang nangyayari ngayon yon
binababaan nila yung presyo ng palay
para maniguro sila na pagdating ng
October November kikita pa rin sila sa
paway Ilocos Norte Malungkot na nga ang
ilang magsasaka na nakausap ng GMA
integrated news mahirapan kami kumbaga
magsasaka mahal yung ano yung binibili
namin ng kwan abuno sa datos na nakalap
ng GMA integrated news research lumabas
na nasa Php5 ang paggalaw sa imported
regular meal rice 3 and 71 centos naman
sa well milled mula ng babaan ng tarif
ng imported rice pero ang local regular
mild bumaba lang ng 72 centavos at 53
centavos naman ang well mild kapwa ay
giniit ng sinag at federation of free
Farmers na hindi ang Executive Order 62
na nagbaba ng rice tarif sa imported na
bigas ang dapat pasalamatan sa inaasang
pagbaba ng presyo Dapat nga raw pawalang
bisa na ang EO sa pag-aaral ng fff mula
ng pirmahan ni Pangulong Marcos ang EO
62 nitong June Hindi naman gaanong
bumaba ang presyo sa pagpasok ng
imported rice na mas mababa ang taripa
sa halip kumita ang mga rice importer ng
Tinatayang 5 billiones sabi ni
Montemayor kung sasabayan pa yyan ng
chip imports because of the tariff cuts
parang Overkill na siya yung natipid ng
mga importers sa Tari because of the
tariff cut naglalaro ng six pes per kilo
hinihinga namin na reaksyon dito ang
malakanyang at Department of agriculture
para sa GMA integrated news Sandra
aginaldo nak 24 Oras
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