MANILA, Philippines --- The pressure that keeps food inflation elevated in the Philippines has increased with the La Nia weather phenomenon expected to prevail over the remainder of this year, and possibly even extend until the first quarter of 2023. At the same time, global prices of rice rose in September after holding steady in August and decreasing in July. In the Philippines, La Nia increases the likelihood of above-normal rainfall, which could lead to the destruction of crops and hamper the production of other agricultural commodities that are already in short local supply. Over the past four weeks, four tropical cyclones entered the Philippine area of responsibility, ...
Keep on reading: PH braces for even higher food prices in Q4
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