Who would have thought that it would take only one man to send the global food supply spiraling down to the near abyss? No one did.
WHO would have thought that it would take only one man to send the global food supply spiraling down to the near abyss? No one did.
The retail price of refined sugar skyrocketed to unimaginable levels of beyond P100 per kilogram, a historic high for the Philippines. The cause? Lackluster production because of typhoon-related problems. Political interventions in terms of the government’s importation program. And…well, mudslinging between government officials and industry stakeholders.
Government and industry sources told the BusinessMirror that imports under the latest import program have started to arrive in the country. The impact of such supply augmentation is expected to be felt by Filipino consumers in the “coming weeks.”MUCH of the problems that the new administration are facing are perennial to the agriculture sector: supply-demand imbalance, market distortions and logistical concerns. Take the case of onions, both red and white varieties.
The Department of Agriculture urged industrial users to just shift to red onions instead of using white onions in their products. It was easier said than done. But it has been one of the focal interventions of the government today: link farmers with industrial users in its bid to ensure a ready market for local produce.
“In support of the mandate of our President, and in anticipation of a global food crisis and for the long-term goal of food self-sufficiency, we increased the budget of the DA by 43.9 percent, to cover the funding requirements for its programs and projects,” Budget Secretary Amenah Pangandaman said.
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