Agriculture group SINAG sees hike in prices of farm products

The Samahang Industriya ng Agrikultura (SINAG) on Saturday said prices of agricultural commodities are seen to increase in the coming weeks.

Interviewed on Dobol B TV, SINAG president Rosendo So said, “We expect the prices of agricultural products to increase because the prices of raw materials are going up.”

However, So said the price hikes would not be sudden but gradual.

In particular, the harvest price of corn rose by P0.50 per kilo, according to the SINAG chief.

With this, So said that in the coming week “the production cost of farmers increased, thus the price of produce will also go up.”

Likewise, he added that the price of fish and vegetables will also increase.

For fish, So said that the price of bangus rose to P135 per kilo from P85 per kilo while the price of tilapia increased by P30.

The price of chicken while there is no supply issue for the meantime, he said that there is still an expected price increase.

He added that the country might face a bigger problem if the avian flu further spreads.

Price of pork is seen at P330 to P340 per kilo in Luzon, according to So.

For rice, So said that the group is not seeing an additional increase for now. —LBG, GMA News