NEDA Secretary Arsenio Balisacan on Wednesday brushed off the potential impact of Typhoon Egay and the enhanced monsoon rains on inflation and rice supply.
“In the meantime, I think the impact on inflation is not going to be that much. But still, as I said, the events are still unfolding. The thing is this June, July, August is not really the harvest season in many parts of the country for basic agricultural products so I think that the damage is not that substantial,” Balisacan said in an interview on ANC.
Latest data from the Department of Agriculture showed the total damage and losses in the agricultural and fishery sector stands at P2.89 billion affecting 142,365 farmers and fisherfolk, with total volume of production loss at 98,217 metric tons and 163,722 hectares of agricultural areas. At a televised public briefing, DA Undersecretary Leocaldo Sebastian said the country currently has some 7.6 million metric tons of rice — 5.7 million MT produced during the dry season, and 1.9 million MT from imports, noting thatAccording to DA Undersecretary Leocaldo Sebastian, the country currently has some 7.6 million metric tons of rice — 5.7 million MT produced during the dry season, and 1.9 million MT from imports.
“Nasa kasagsagan na rin tayo ng pagtatanim at nage-expect tayo na nitong August meron na ring mga magha-harvest, September marami nang magha-harvest, so mayroon naman tayong sapat na supply ng bigas,” he added.
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