[In This Economy] How Marcos sat on El Niño

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Delayed preparation is not unlike securing the roof or evacuating your family just when a Yolanda-type typhoon has already arrived. Poor planning begets casualties.

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Lower production tends to stoke prices. Figure 2 shows that well-milled rice is now averaging at P55.93 per kilo, while special rice is at P64.4 per kilo. But much more disturbing is the even steeper rise of farmgate prices of palay. Marcos could have signed an executive order formalizing the El Niño task force as early as March or April 2023. But no. He sat on it.

Second, it must implement solutions and programs for water security, food security, energy security, health, and safety.

 

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