Category: Economy

Market Watch | Farmers cannot afford rice these days, says group

“We are justified in opposing high rice prices that burden consumers and even farmers who cannot afford it anymore. The public must strongly oppose and protest against exorbitant rice and food prices. However, Marcos Jr’s price ceiling and other palliative measures do not explain why rice is expensive in the country, and more importantly, none of these address the most basic problems of rice farmers.”

Group calls for support for fishers affected by Mindoro oil spill

Citing data from the Philippine Statistics Authority (PSA), the group said that in the second quarter of 2022, Palawan and Oriental Mindoro contributed 86.79 percent and 2.57 percent to the total regional fisheries production, respectively. This translates to 59,895.53 metric tons in the local fisheries production.

The poor cuts down on staples as price hikes continue

When asked about the country’s inflation rate, Jemelie Polinar, a mother of three, let out a sigh as she picked the freshest yet cheapest squash. “To be honest, I don’t know anything about those numbers. What I know is that the poorest of the poor are suffering the most. This is our daily reality, from the increased transportation costs to the food we need.”