President Bongbong Marcos says Close to Achieving P20-per-kilo Rice

PBBM speaks anew on lowering the price of rice

P20-PER-KILO RICE? – President Ferdinand “Bongbong” Marcos Jr. said the Philippine government is close to achieving the aspiration of lowering the price of rice to P20 per kilo.

Bongbong Marcos rice
Credit to the rightful owner of the photos

PBBM made the statement during the nationwide launch of the Kadiwa ng Pasko project. It aims to offer the nation’s domestic agricultural producers a market while also offering the general public products that are reasonably priced and of high quality. But according to Marcos, in order to achieve the objective of reducing the price of rice, there are still a lot of things that need to be done.

“‘Pag bibili ng bigas kinukuha sa NFA, kinukuha sa buffer stock. Doon lang hindi kumikita ang NFA. Kung ano ‘yung pinambili nila, ganoon din ang presyo. Kaya’t ‘yung nakita ninyo, ‘yung bigas, P25. Palapit na tayo doon sa aking pangarap na mag-20 pesos, pero dahan-dahan lang. Aabutin din natin ‘yan pero marami pa tayong gagawin,” he said.

However, a lot of things have been happening that the government cannot control such as the soaring prices of commodities brought by external forces.

Reducing the cost of rice to P20 per kilo was a pledge he made during his campaign. According to Marcos, his aspiration is dependent on addressing the value chain, which is the sequence of steps used to produce a good or service that is sold to customers, with each stage enhancing the value of the final good or service.

Joey Salceda, a representative for Albay’s 2nd District, once said that while this is not impossible, bringing rice prices down to P20 would harm other areas of the economy.

In the meantime, Marcos pledged to increase the number of Kadiwa stalls across the nation in order to give the populace more affordable products.

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