The high prices of food, fuel and transport are testing the patience of Filipino consumers. It is common for ordinary Filipinos nowadays to complain about their shrinking budget. Know more:
The high prices of food, fuel and transport are testing the patience of Filipino consumers. It is common for ordinary Filipinos nowadays to complain about their shrinking budget.
The last few weeks were indeed trying times for Filipino consumers. We have heard of the ordinary consumer cursing at the high prices of vegetables in the public and wet markets. White onion is being sold as high as P400 a kilo, while the medium-sized red variety is being peddled at P350 a kilo, or P15 apiece. The calamansi can be bought for P1 per piece, while one can buy green chili pepper forfor P5 to 10 apiece, depending on its length.
He stressed the need to solve the logistics problem bugging the agriculture sector in order to lower food prices in the Philippines. I am in full agreement with his observation. The flow of agricultural goods in the country is hampered by old practices. We often hear about the complaints of forwarders and cargo handlers on the restrictions imposed by certain local government units, as well as the presence of several checkpoints along the food delivery route.
Land Bank of the Philippines made a timely intervention when it approved P1.1 billion in loans to support the production and trading of onion and the acquisition of cold storage equipment.
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