Finance dep’t reiterates fears about fish prices, supply driving inflation
Excerpt
The government is “very concerned” about the rising price of fish amid declining production over the past five years, raising the risk of reduced access to and higher prices for a type of food deemed to be a key source of low-cost nutrition for the population. “We’re very concerned about the price of fish. It seems that our fish catch has really been dropping since 2012. Maybe it’s because of climate change, overfishing. We don’t really know, but we’re just signaling that this is becoming a serious problem,” Finance Secretary Carlos G. Dominguez III said in a media forum yesterday. In 2017, fisheries production fell 1% year-on-year, though the decline narrowed from 6.3% in 2016.
Citation
Tubayan, E. J. C. (2018, August 16). Finance dep’t reiterates fears about fish prices, supply driving inflation. BusinessWorld, p. S1/4.
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