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Agriculture Secretary Francisco Tiu Laurel Jr. says ‘there’s always the option to import or reduce tariffs if needed,’ to temper price hikes though he, as agriculture chief, does not favor it
MANILA, Philippines – Retail prices of rice, pork, and chicken may increase by at least half under the worst case scenario or within 180 days of infrastructure damage and with average oil prices reaching $200 per barrel, according to the Department of Agriculture.
In a worst case scenario, chicken is expected to have the highest spike – its…