Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Finance dep’t flags inflation risk from calamities, wants other provinces to also cultivate vegetables

by
January 13, 2021
in Investing News
0
Finance dep’t flags inflation risk from calamities, wants other provinces to also cultivate vegetables
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

THE Department of Finance (DoF) said the December uptick in inflation highlighted the vulnerability of the food supply to calamities, and called for the development of other vegetable-growing regions to guard against any disruptions to the transport links or storm damage to intensively-farmed areas.

In an economic bulletin Monday, the DoF attributed the 3.5% inflation reading in December to the surge in prices of vegetables and meat, which rose 19.7% and 10% year on year, respectively.

“Vegetable supplies were dented by the successive typhoons that swept the country during the last quarter. Meat was adversely affected by the African Swine Fever (ASF),” it said.

The price of rice also rose 0.1%, completely reversing the 4.45% decline seen the year prior, after rice-growing regions such as the Cagayan Valley and Bicol sustained serious damage from typhoons and flooding in November.

“The (Department of Agriculture’s) food programs may have to be re-strategize so that unaffected regions can supply alternative supplies of vegetables to typhoon-battered regions immediately after a typhoon,” the DoF said.

Last month’s inflation number pushed the 2020 average to 2.6%, up from 2.5% in 2019 but well within the central bank’s 2-4% target.

To address the rising price of meat, the DoF also called on the DA to roll out a “stronger program to stamp out” ASF.

In a statement Monday, Agriculture Secretary William D. Dar said the DA has signed partnerships with two organizations to curb the spread of ASF and help restore the hog population.

Mr. Dar said the Univet Nutrition and Animal Healthcare Company and the Philippine College of Swine Practitioners will also help implement a local ASF surveillance system to help with early detection of the disease.

The DA had yet to respond to requests for comment at deadline time. — Beatrice M. Laforga

ShareTweetPin

Related Posts

Senate OK’s AMLA amendments
Investing News

Senate OK’s AMLA amendments

January 18, 2021
BSP chief on medical leave after ‘minor’ head accident
Investing News

BSP chief on medical leave after ‘minor’ head accident

January 18, 2021
Duterte keeps 5% tariff on deboned meat imports
Investing News

Duterte keeps 5% tariff on deboned meat imports

January 18, 2021
Fewer Filipino families had access to basic water, sanitation facilities in 2020 — PSA
Investing News

Fewer Filipino families had access to basic water, sanitation facilities in 2020 — PSA

January 18, 2021
5G capex risk a top issue for investors — Fitch
Investing News

5G capex risk a top issue for investors — Fitch

January 18, 2021
Priority sought for ‘stranded’ projects as DoE prepares auction for green energy
Investing News

Priority sought for ‘stranded’ projects as DoE prepares auction for green energy

January 18, 2021
Next Post
National ID system biometrics collection kicks off in Laguna

National ID system biometrics collection kicks off in Laguna

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin

Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin

March 22, 2020
Coronavirus likely hammered U.S. economy in first quarter

Coronavirus likely hammered U.S. economy in first quarter

April 29, 2020
Pound Falls as Confusion on Lifting Lockdown Adds to Uncertainty

Pound Falls as Confusion on Lifting Lockdown Adds to Uncertainty

May 11, 2020
United Airlines sweetens voluntary exit deal for flight attendants

United Airlines sweetens voluntary exit deal for flight attendants

June 17, 2020
Oil Prices Plummet as Double Trouble Looms Nearer

Oil Prices Plummet as Double Trouble Looms Nearer

March 30, 2020
Stocks – Wall Street off Lows as Energy, Tech Climb

Stocks – Wall Street off Lows as Energy, Tech Climb

May 4, 2020
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.