Millions of dollars’ worth of onions seized by authorities as inflation crisis sees the cost of other basics soar
heir price soared so rapidly, some likened them to gold. Restaurants stripped them from their menus, officials warned travellers not to import them without special permission and millions of pesos’ worth have reportedly been seized in raids.
But besides the wedding humour and police raids, however, there are stories of misery for both shoppers and farmers. This week, president Ferdinand Marcos Jr described the country’s food inflation as “an emergency situation”. The crisis has heaped pressure on Marcos Jr, who appointed himself agriculture secretary when he took office, promising he would boost production at a time when global food prices have risen sharply.
“Despite the lack of official statistics on onion production for 2022, the onslaught of Typhoon Karding, with … Noru in Nueva Ecija … most likely reduced local production,” said Prof Bates Bathan, of the University of theOthers point out that natural disasters are not uncommon in the Philippines, and that the government should have planned ahead and imported extra supplies much earlier. Warnings of looming shortages were made as early as August.
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