At least 50% rice, pork, chicken price hike if Gulf crisis persists

This is AI generated summarization, which may have errors. For context, always refer to the full article.

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…

Source link

Leave a Comment