Government implements agri-related measures to manage inflation

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THE Department of Agriculture (DA) highlights agriculture-related measures that the National Government will continue to implement to help manage inflation. These measures were also recommended by the National Economic and Development Authority (Neda).

The country’s inflation rate fell to 4.5 percent in March 2021 after five consecutive months of acceleration, according to the Philippine Statistics Authority.

READ: March inflation eases to 4.5%

“As reported by Neda, the continued supply deficiency in meat, particularly pork, has remained the leading driver of inflation at 20.9 percent (in March) from 20.7 percent in February,” said DA in its Facebook post.

DA listed down the following agriculture-related measures to help manage inflation:

* Protect the purchasing power of households especially the poor, including the temporary reduction of tariffs and increase in minimum access volume to help stabilize food prices and inflation in general.

* Boost the supply of key agriculture commodities.

* Assist the affected hog industry in line with the Integrated National Swine Production Initiatives for Recovery and Expansion agenda.

* Pursue agricultural resilience programs, such as the Organic Agriculture Hub or “Organik Konek” to strengthen supply in the long term.

* Ensure safe screening of food products in line with the OneDA agenda of establishing border inspection facilities or Agricultural Commodity Examination Areas at several ports in Manila, Cebu, Batangas, Subic, and Davao.

* Provide financial and in-kind support to improve the production capacity of targeted food sectors.

* Pursue long-term solutions, such as investment in research and development for climate-resilient crop production, infrastructure development to improve water management, and irrigation systems. (NRC)