DA sees higher vegetable prices | Inquirer Business
Close  
SHORTAGE PROJECTED

DA sees higher vegetable prices

By: - Reporter / @kocampoINQ
/ 05:00 AM January 16, 2021

Filipino consumers must brace themselves for another wave of possible price increases in vegetables this year after data from the Department of Agriculture (DA) showed a projected shortage in the country’s supply of produce.

Agriculture Assistant Secretary Noel Reyes, in a briefing on Thursday, presented the agency’s supply and demand forecast for selected agricultural commodities. Based on the country’s most consumed vegetables, it showed that both local and imported supply could only meet 78.4 percent of demand.

ADVERTISEMENT

Assistant Secretary for Agribusiness Kristine Evangelista said this could mean a shortage of selected vegetables and an oversupply in another, depending on the crop. This could increase retail prices further.

Based on the DA’s data, projected local production for this year was at 1.69 million metric tons (MT) while demand was estimated to hit 2 million MT. Without imports, the country’s supply may even only cover 77.4 percent of consumption.

FEATURED STORIES

Over the past months, consumers were already complaining of higher food prices, reflected not only in vegetables but in poultry and pork meat as well, and selected fish variants. Some prices have gone up by as much as 66 percent from last month alone.

The DA officials have blamed the higher prices on numerous factors such as the ongoing pandemic, the devastating typhoons that destroyed crops, and the unwillingness of poultry and hog raisers to farm anew following the glut and the spread of the African swine fever, respectively.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS:
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.