Tuesday, January 31, 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
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • 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
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • 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.

ADVERTISEMENT

“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

Is there life on Mars? Maybe, and it could have dropped its teddy

byAFP
January 31, 2023, 8:30 am
0
8
Is there life on Mars? Maybe, and it could have dropped its teddy

Yogi, Paddington and Winnie the Pooh, move over. There's a new bear in town. Or on Mars, anyway. This handout...

Read more

White House says US COVID emergency status to end May 11

byAFP
January 31, 2023, 8:00 am
0
8
Biden tours Florida hurricane clean-up zone — and opponent’s territory

The White House said Monday that the national and public health emergencies declared just as the COVID-19 pandemic took grip...

Read more

UK PM hails Brexit as ‘huge opportunity’, three years on

byAFP
January 31, 2023, 7:00 am
0
8
UK PM hails Brexit as ‘huge opportunity’, three years on

British Prime Minister Rishi Sunak on Monday defended Brexit, insisting that leaving the EU had brought significant achievements and offered...

Read more

Germany vows millions for Amazon as Scholz meets Lula in Brazil

byAFP
January 31, 2023, 6:30 am
0
8
Germany vows millions for Amazon as Scholz meets Lula in Brazil

Germany on Monday outlined more than $200 million in contributions for environmental projects in Brazil as Chancellor Olaf Scholz visited...

Read more

Biden says ‘no’ to US sending F-16 fighter jets to Ukraine

byAFP
January 31, 2023, 6:00 am
0
8
Biden signs major climate change, health care law

President Joe Biden said Monday he will not be sending F-16 fighter jets to Ukraine to help its war against...

Read more

PBBM rolls out 5-year dev’t plan

byVito Barceloand1 others
January 31, 2023, 1:40 am
0
8
Arcilla, Kinaadman to dispute Brookside Open title

Signs EO for economic recovery to uplift lives of ordinary Pinoys President Ferdinand Marcos Jr. has signed an executive order...

Read more

Print Edition

View More

Recent Posts

  • Is there life on Mars? Maybe, and it could have dropped its teddy
  • White House says US COVID emergency status to end May 11
  • Markets struggle before central bank rate decisions
  • UK PM hails Brexit as ‘huge opportunity’, three years on
  • Germany vows millions for Amazon as Scholz meets Lula in Brazil
  • Biden says ‘no’ to US sending F-16 fighter jets to Ukraine
  • Sneakers for Makati : AB4.0
  • PBBM rolls out 5-year dev’t plan

Advertisement

Latest News

Biden says ‘no’ to US sending F-16 fighter jets to Ukraine

byAFP
January 31, 2023, 6:00 am
0
8
Biden signs major climate change, health care law

President Joe Biden said Monday he will not be sending F-16 fighter jets to Ukraine to help its war against...

Read more

Sneakers for Makati : AB4.0

byManila Standard
January 31, 2023, 1:50 am
0
288
Sneakers for Makati : AB4.0

Read more

PBBM rolls out 5-year dev’t plan

byVito Barceloand1 others
January 31, 2023, 1:40 am
0
8
Arcilla, Kinaadman to dispute Brookside Open title

Signs EO for economic recovery to uplift lives of ordinary Pinoys President Ferdinand Marcos Jr. has signed an executive order...

Read more

Mr. Marcos says education system ‘failed’ the children

byVince Lopezand1 others
January 31, 2023, 1:30 am
0
8
Tiamzons killed in boat explosion? Military mum on details of incident

President Ferdinand Marcos Jr. on Monday said the education system has “failed” Filipino children as he vowed to do better...

Read more

WHO declares COVID still global crisis, pandemic at transition point

byAFP
January 31, 2023, 1:20 am
0
8
Can’t afford onions per kilo? DA says buy per piece

Geneva—Three years to the day after the World Health Organization (WHO) sounded the highest level of global alert over COVID-19,...

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
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • 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