Monday, October 2, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

Solon warns cost of bread to increase by P2.30 soon

Rio N. ArajabyRio N. Araja
March 14, 2022, 12:50 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Albay Rep. Joey Salceda on Sunday warned that the price of bread will go up as Russia’s war in Ukraine drags on, and called for ways to keep “everyman’s breakfast” affordable.

Salceda, committee on ways and means chairman, said the price of the average “Pinoy Tasty” loaf of bread could go up by P2.30 in the coming weeks as Russia and Ukraine are among the world’s largest wheat producers.

“The oil price impact on the price of loaf at around $110 per barrel of crude is around P0.40, while wheat has increased $100 per ton since Russia’s incursion into Ukraine. I expect a transmission of around P1.90 per loaf over the coming weeks once milled wheat stocks begin to diminish and we start milling imports at higher prices,” he said.

“Because this is the everyman’s breakfast, and this conflict appears to have dire nutritional consequences on the average Filipino. The oil price is already affecting some price transmission on other goods, especially agricultural produce and fish,” he added.

He said he expects 1.3 million Filipinos to become poorer as a result of higher oil prices this year.

“Hunger may become more pervasive too, if wheat price increases do not see some abatement over the coming weeks,” he said.

“By the looks of it, even if Russia somehow withdraws, or some compromise is achieved that allows farmers in Ukraine to plant wheat, supply chain issues will linger because sanctions on Russia will not disappear overnight,” he added.

As a mitigating measure, he said the country should begin to secure its orders from alternative sources, such as Canada and the United States of America.

He proposed three measures to mitigate the impact of the price increases on the Filipino diet and nutrition.

“First, I urge the Department of Health and the National Nutrition Council to direct the nutritional fortification of loaf bread, so that at the very least, if prices do increase, Filipino families will get nutritional value for money. Second, I am officially requesting the Department of Trade and Industry to ensure that prices do not increase beyond the price transmission due to higher input costs. Without intensive monitoring, price increases tend to overshoot actual input cost increases. We saw that during the first few months of the TRAIN Law, when even products without an oil or sugar component would increase in prices,” he said.

“Third, I am requesting the DOH and the local governments to work more closely to fully implement the country’s mandatory feeding programs. Although there are no face-to-face classes, that does not stop LGUs from utilizing 20 percent of their Special Education Fund under Section 7 of RA 11037 towards feeding programs for school-age children.

As we cannot implement these programs through schools, yet, we should be able to do them through barangays and day care centers instead,” he said.

“As I’ve warned earlier, the worst is yet to come about this conflict and its effect on Filipino families. The economy at large will be okay, I believe. We will still see good growth numbers. But the poor will suffer harder during this crisis, and we have a moral duty to make sure they don’t fall too hard through the cracks,” he said. “Relief to the severely distressed is a moral obligation for the government,” he said.

Last week, President Duterte said he was considering calling a special session of Congress to discuss a possible state of economic emergency and other recommendations of his Cabinet to mitigate the impact of the Russian invasion of Ukraine on the local economy.

Senators on Tuesday supported calls for a special session to declare such an emergency, although Energy Secretary Alfonso Cusi – a member of Duterte’s economic team — said there is no need to do so yet, despite the ongoing war in Ukraine that has pushed oil prices to unprecedented levels.

Tags: breadJoey SalcedapriceRussia-Ukraine war
ADVERTISEMENT
Rio N. Araja

Rio N. Araja

Related Posts

Trump empire ‘scared’ as New York trial opens

byAFP
October 2, 2023, 9:30 pm
0
8
At least 38 injured in police HQ dawn fire in Egypt’s Ismailia city – health ministry

NEW YORK—Former US president Donald Trump will appear in a New York court on Monday (Tuesday in Manila) as a...

Read more

At least 38 injured in police HQ dawn fire in Egypt’s Ismailia city – health ministry

byAFP
October 2, 2023, 9:25 pm
0
8
At least 38 injured in police HQ dawn fire in Egypt’s Ismailia city – health ministry

ISMAILIA,  Egypt—A  huge fire broke out at a police headquarters in the Egyptian city of Ismailia on Monday, injuring at...

Read more

Ukraine left out in cold by US shutdown deal

byAFP
October 2, 2023, 9:20 pm
0
8
Biden says age has brought him ‘wisdom’, ‘honor’ 

WASHINGTON, DC—The future of US aid for Ukraine hangs in the balance after a last-gasp deal to avoid a government...

Read more

10 killed in Mexico church roof collapse

byAFP
October 2, 2023, 9:15 pm
0
8
Southwoods nails Seniors’ Fil golf crown

MEXICO CITY—At least 10 people, including three children, were killed and 60 more injured when the roof of a church...

Read more

Bangladesh dengue deaths top 1,000 in worst outbreak on record

byAFP
October 2, 2023, 3:55 pm
0
8
PH dengue fatalities highest in Asia

Dhaka, Bangladesh - More than 1,000 people in Bangladesh have died of dengue fever since the start of the year,...

Read more

France to vaccinate millions of ducks against bird flu

byAFP
October 2, 2023, 3:00 pm
0
8
Southwoods nails Seniors’ Fil golf crown

Paris, France - France on Monday began Europe's only vaccination campaign against bird flu in ducks, hoping to avoid mass...

Read more

Print Edition

View More

Recent Posts

  • Trump empire ‘scared’ as New York trial opens
  • At least 38 injured in police HQ dawn fire in Egypt’s Ismailia city – health ministry
  • Ando captures ‘unexpected’ bronze in Asian Games
  • Ukraine left out in cold by US shutdown deal
  • Fil-Ams Hoffman, Brown make 400m hurdles’ finals
  • 10 killed in Mexico church roof collapse
  • Maynilad services
  • Digital innovation

Advertisement

Latest News

10 killed in Mexico church roof collapse

byAFP
October 2, 2023, 9:15 pm
0
8
Southwoods nails Seniors’ Fil golf crown

MEXICO CITY—At least 10 people, including three children, were killed and 60 more injured when the roof of a church...

Read more

Maynilad services

byManila Standard
October 2, 2023, 9:14 pm
0
8
Industry group expects franchising revenues to grow 13% to P30.5b in 2023

West zone concessionaire Maynilad Water Services Inc. offers free septic tank cleaning services to residential and semi-business customers this October...

Read more

Digital innovation

byManila Standard
October 2, 2023, 9:12 pm
0
8
Industry group expects franchising revenues to grow 13% to P30.5b in 2023

BDO Unibank continues to enhance the banking experience of its clients by integrating digital innovation in its branches. BDO leverages...

Read more

WB reduces PH growth forecast to 5.6%

byJulito G. Rada
October 2, 2023, 9:10 pm
0
8
World Bank OKs $600 million ‘reform’ loan

The World Bank on Monday reduced its 2023 growth forecast for the Philippines to 5.6 percent from the 6-percent estimate...

Read more

Weak peso, more borrowings raised gov’t debt to record P14.35t in August

byJulito G. Rada
October 2, 2023, 9:05 pm
0
8
Revenue collection up 16.6% in November

The government’s outstanding debt increased to a record P14.35 trillion as of end-August 2023 from P14.24 trillion a month earlier...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App