Rice, pork shortages expected in 2023 - BusinessWorld Online

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“We will be in short supply of rice by more than three million metric tons this year due to the high fertilizer and fuel costs and the continuing threat of climate change,” former Agriculture Undersecretary Fermin D. Adriano said last week. READ:

“We will be in short supply of rice by more than three million metric tons this year due to the high fertilizer and fuel costs and the continuing threat of climate change,” former Agriculture Undersecretary Fermin D. Adriano said in a Viber message last week.

The USDA added that Philippine milled rice production was estimated at 11.98 million MT in 2022, well short of the initial forecast of 12.41 million MT. According to the Fertilizer and Pesticide Authority , the average price of urea, the most commonly used fertilizer, was between P2,861.64 and 2,759.92 per 50-kilogram bag in the April to July period.Last week, oil companies cut the pump price of diesel by P0.20 per liter while gasoline and kerosene prices increased by P0.95 and P0.50, respectively.

Aside from rice, Mr. Adriano warned that there will also be a shortage of pork due to the continuing disruptions to grower operations posed by African Swine Fever .

Source: Energy Industry News (energyindustrynews.net)

 

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