Gov't eyes 'vertical integration' to stop hoarding, smuggling of agri goods

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Gov't eyes 'vertical integration' to stop hoarding, smuggling of agri goods
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Hoarding and smuggling of agricultural goods are expected to be eliminated through vertical integration, a concept the government is looking to implement in the agriculture sector. | ManilaBulletin READ:

President Ferdinand "Bongbong" Marcos Jr. said on Tuesday, June 20, that these lingering problems hounding the agriculture sector will be addressed through vertical integration that aims to simplify the different stages along the supply chain.

"‘Pag vertically integrated ‘yan, ‘pag kasama lahat ‘yan, wala ng cost ‘yun, tuloy-tuloy na lang hanggang sa retail ,” Marcos said in a media interview after attending the 125th founding anniversary of the Department of Agriculture in Quezon City. He cited that, early this year, the price of onion skyrocketed, reaching as high as 87 percent price increase in the markets due to hoarding by unscrupulous traders.

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