The Department of Agriculture (DA) in the Philippines is evaluating the need for importing essential agricultural commodities following significant damage caused by a series of storms. Agriculture Assistant Secretary Arnel de Mesa highlighted the extensive impacts of typhoons Kristine, Leon, Marce, Nika, Ofel, and Pepito, which have led to agricultural losses amounting to USD 170.2 million. In response, Agriculture Secretary Francisco Tiu Laurel Jr. has tasked the Bureau of Plant Industry with devising strategies to address the persistently high prices of goods.
De Mesa emphasized the government's preference for sourcing vegetables from local producers to stabilize prices. However, he acknowledged the potential necessity for imports to ensure adequate supply. The Philippines, traditionally importing minimal volumes of vegetables, might consider increasing imports. Despite the challenges, the DA assures sufficient supply for the upcoming holidays and has decided against imposing price controls, opting for alternative interventions to manage price concerns.
Source: The Manila Times