Marcos, who’s also the agriculture chief, said his administration will help farmers ramp up production to minimize imports, which it had to do more of amid shortages in food items such as onions and sugar. Until fairly recently, onions were selling for as much as 650 pesos ($11.84) a kilogram in the Philippines, much more expensive than beef and poultry.
Domestic factors including typhoons and hoarding worsened the impact of global commodity disruptions in the Southeast Asian nation that had to raise borrowing costs by the most in two decades in the past year.
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