El Niño relief efforts ‘fairly successful’ – NEDA
MANILA, Philippines – The government has been “fairly successful” in blunting the impact of El Niño phenomenon on domestic food supply and prices but recognizes there are still areas feeling the brunt of the dry spell, this was the assessment of the National Economic and Development Authority (NEDA) said.
Socioeconomic Planning Secretary and NEDA director general Emmanuel Esguerra reported yesterday that as of March, prices and supplies of main food items, particularly rice, are kept in check. He noted rice prices have been declining steadily since October 2015 while prices of vegetables have been on the downtrend since the beginning of the year.
He attributed the present stability in food supply and prices to the provision of production support to farmers, timely importation and the imposition of price freeze in areas that declared a state of calamity.
Read full Article here »