News Details

Food prices have largely held steady even as fuel costs continue to climb, according to the Department of Agriculture (DA). The agency said sufficient supply has helped offset the impact of higher transportation and logistics expenses.

Data from the DA’s Agribusiness and Marketing Assistance Service showed limited price increases in imported rice, as well as local pork and beef, following geopolitical tensions linked to the February 28 airstrike involving the United States and Israel on Iran. Still, most alternative protein sources—such as chicken, eggs, fish, and vegetables—have remained stable or even declined in price as of April 13.

Stronger supply has played a major role in keeping prices in check. The lifting of the fishing ban on January 31 led to increased catches of staple fish like galunggong and tamban, driving prices down. Galunggong dropped significantly to around P200 per kilo from a previous high of P330, while tamban eased to P130 from P140.

To address rising imported rice prices, Ferdinand Marcos Jr. is considering an executive order that would cap rice prices at P50 per kilo, as market rates have climbed to about P60.

The current trend highlights how strong domestic production can cushion the effects of rising fuel costs across the supply chain. However, risks remain, particularly if oil price volatility persists, which could eventually push food prices higher—especially for imported and transport-dependent goods.

The DA assured the public that monitoring efforts are ongoing. The Bantay Presyo Supply and Monitoring Team continues to track supply levels and retail prices of essential agricultural and fishery products nationwide.

Recent data suggests that retail prices remain generally stable and aligned with farmgate prices, despite external cost pressures. Still, inflation rose to 4.1% in March, up from 2.4% in February, indicating growing pressure on household budgets.

NPO News Team | DA Press Office - PR