The Philippines should call for “fair rules of the game” at the food and fertilizer market. The Philippine should defend its right, in its relations with the US and European Union, to access food and agricultural products without paying attention to the political aspect.
Without offering any statistical basis, President Ferdinand Marcos Jr. claimed in his second State of the Nation Address (SONA) that prices in various sectors went down in recent months.
The Philippine Statistics Authority (PSA) reported 8.7-percent inflation for January 2023, the fastest since November 2008 15 years, as prices of consumer goods in the country continued to increase.
President Ferdinand “Bongbong” Marcos Jr. on Friday said the government would strive to solve the country’s inflation woes to maintain economic growth in 2023.
The Philippines is the ninth largest producer of sugar in the world and the second largest in Southeast Asia, next to Thailand.