A consumer group has asked the government agencies to get the most out of a two-year low on the world food index as announced by the United Nations (UN), an official said on Sunday.
A CONSUMER group has asked the government agencies to get the most out of a two-year low on the world food index as announced by the United Nations , an official said on Sunday.
“We suggest that our government [Department of Agriculture] and the [Department of Trade and Industry] do everything to take advantage of this situation to provide relief to our fellow Filipinos who are still suffering from high local food prices,” he said. “We know for a fact that our country imports cooking oil and milk as our local production cannot catch up with consumer demand. We should look for ways to benefit from this global slump in the prices of food products that Filipinos consume on a daily basis,” the convenor said.
Tarang Gupta, AMC managing director, said that their company is striking a sort of balance on the nutrition needed by Filipinos against the present inflationary headwinds happening in the country. And with the RCEP Agreement taking effect, the major trade bloc agreement is not seen to impact the milk industry.
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