Price

PBBM: RICE PRICE HIKE A GLOBAL ISSUE

February 26, 2024 People's Journal 67 views

THE issue on the prices of rice is not in the Philippines alone but in the whole of Asia.

President Feridinand R. Marcos made the statement in response to a question from a letter sender to the Office of the President through Bahay Ugnayan, asking if “BBM” stands for “Bigas Biglang Mahal.”

Marcos clarified the increase in prices of rice is experienced globally and not specific to the Philippines.

“Hindi natin maiwasan na makita, talagang nagiging problema ang pagtaas ng presyo ng bigas dito sa Pilipinas. Pero, kung titignan po natin kahit na ‘yung mga nag e-export na mga bansa ay tumataas din ang presyo nila, halos katumbas lang ng pagtaas dito sa Pilipinas,” the President answered.

The President said studies were made to observe the prices of rice in the Philippines compared to the top rice exporting countries like Viet Nam and Thailand, it showed “external shocks” such as the movement of oil prices has made an effect, proving the problem affects the region.

President Marcos assured the government is doing all it can to ensure sufficient supply of rice and to stabilize prices of rice in the country.

“Ginagawa natin lahat upang naman ang produksyon natin ay maging sapat na hindi na tayo nag-iimport mababawasan ang mga inputs, kung tawagin para sa ating mga farmer at sana naman ay ma-stabilize manlang natin ‘yung presyo ng bigas,” he said.

The President stressed the government is doing all it can to ensure a sufficient supply of rice in the market.

The President answered more questions from letters received by the Office of the President from “Bahay Ugnayan”, one of the restored buildings inside the Malacañang compound turned into a museum that has been opened to the public

Aside from issues of rice prices and supply, some of the questions answered by the President in his vlog ranged from politics to jeepney modernization program, among other pressing issues. PCO

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