Rising costs, falling prices push Benguet vegetable farmers deeper into losses
Source ↗
👁 0
💬 0
BENGUET, Philippines – The numbers no longer add up in the highland farms of Benguet province.
“Lugi amin (Everyone’s losing),” said trader Frank Maliones, capturing a crisis tightening its grip on farmers and traders: prices are falling even as costs climb as an offshoot of the war in the Middle East since late February that has disrupted oil supplies.
A five-ton truck of cabbage now fetches as little as P15,000 to P20,000, Maliones said in Ilocano. It’s far short of the P60,000 to P70,00
“Lugi amin (Everyone’s losing),” said trader Frank Maliones, capturing a crisis tightening its grip on farmers and traders: prices are falling even as costs climb as an offshoot of the war in the Middle East since late February that has disrupted oil supplies.
A five-ton truck of cabbage now fetches as little as P15,000 to P20,000, Maliones said in Ilocano. It’s far short of the P60,000 to P70,00
Comments (0)