PH gov’t told to ensure there will be no spikes in food prices
Senator Francis Pangilinan said that as world prices for rice increase, the government should try to anticipate its effect on the country’s food security and ensure that there would be no food price spikes especially for Filipinos already suffering from reduced income.
“While the pandemic is primarily a health crisis, its impact on economic activities can cause it to balloon to a food crisis. With 5 million Filipinos projected to lose their jobs locally, excluding OFWs, the joblessness and the resulting loss of incomes, sales, salaries, and revenues can lead to food hunger or food insecurity,” Pangilinan said.
“Every day, the lockdown has cost us P3 billion a day,” he further said, adding that food prices have been going up during this time.
Pangilinan expressed these concerns to Agriculture Secretary William Dar at the recent Senate hearings.