Buy CryptoMarketsSpotFuturesGOLDEarnEvent Centre
More
Gold vs Crypto
Agriculture Secretary Francisco Tiu Laurel Jr. says 'there’s always the option to import or reduce tariffs if needed,' to temper price hikes though he, as agricultureAgriculture Secretary Francisco Tiu Laurel Jr. says 'there’s always the option to import or reduce tariffs if needed,' to temper price hikes though he, as agriculture

Worst-case scenario: At least 50% rice, pork, chicken price hike if Gulf crisis persists

Author: Rappler
Source: Rappler
2026/03/25 13:20
2 min read
PepeFork
PORK$0.00000001916-4.20%
RICE AI
RICE$0.003531+9.31%
Notcoin
NOT$0.0003906+1.08%
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

MANILA, Philippines – Retail prices of rice, pork, and chicken may increase by at least half under the worst case scenario or within 180 days of infrastructure damage and with average oil prices reaching $200 per barrel, according to the Department of Agriculture.

In a worst case scenario, chicken is expected to have the highest spike – its average retail price of P200 per kilo prior to the Middle East crisis could rise to P324.64 per kilo or a 62% increase.

In the same scenario, pork (kasim and liempo) prices are estimated to increase by 59% and rice prices (local, well-milled) by 49%. Meanwhile, the DA estimates a slight increase in prices of tomatoes, eggplants, cabbage, and carrots.

Agriculture Secretary Francisco Tiu Laurel Jr. said that as of the moment, prices are still within the pre-conflict status.

Rice prices, he said, may begin to increase by August. Pork prices are stable because of imports still in cold storage. There is also “a little bit of overproduction” with chicken and broiler farm gate prices remain low.

“So maybe the effect to us now would be on freight [cost],” Tiu Laurel said during a Senate hearing on Tuesday, March 25.

The scenarios that his agency presented before the Senate committee on Tuesday are based on local production. With the ongoing crisis, crucial farm inputs like fuel and fertilizer are expected to drive up production cost.

Play Video Worst-case scenario: At least 50% rice, pork, chicken price hike if Gulf crisis persists

“If we’re watching the prices for consumers, there’s always the option to import or reduce tariffs if needed,” said Laurel.

“But of course, as the department secretary, I don’t want that,” he added.

Agriculture officials have repeatedly said rice supply remains stable and adequate in the country, especially since it is currently harvest season. On Tuesday, President Ferdinand Marcos Jr. declared a state of national energy emergency. – Rappler.com

Market Opportunity
PepeFork Logo
PepeFork Price(PORK)
$0.00000001916
$0.00000001916$0.00000001916
-3.42%
USD
PepeFork (PORK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Why YouCam AI API is the Secret Weapon for E-Commerce Startups

Why YouCam AI API is the Secret Weapon for E-Commerce Startups

 The New Standard of Personalized Shopping In an era where digital engagement dictates market share, the transition from “browsing” to “buying” depends on confidence
Share
Techbullion2026/03/25 14:34
Non-Opioid Painkillers Have Struggled–Cannabis Drugs Might Be The Solution

Non-Opioid Painkillers Have Struggled–Cannabis Drugs Might Be The Solution

The post Non-Opioid Painkillers Have Struggled–Cannabis Drugs Might Be The Solution appeared on BitcoinEthereumNews.com. In this week’s edition of InnovationRx, we look at possible pain treatments from cannabis, risks of new vaccine restrictions, virtual clinical trials at the Mayo Clinic, GSK’s $30 billion U.S. manufacturing commitment, and more. To get it in your inbox, subscribe here. Despite their addictive nature, opioids continue to be a major treatment for pain due to a lack of effective alternatives. In an effort to boost new drugs, the FDA released new guidelines for non-opioid painkillers last week. But making these drugs hasn’t been easy. Vertex Pharmaceuticals received FDA approval for its non-opioid Journavx in January, then abandoned a next generation drug after a failed clinical trial earlier this summer. Acadia similarly abandoned a promising candidate after a failed trial in 2022. One possible basis for non-opioids might be cannabis. Earlier this year, researchers at Washington University at St. Louis and Stanford published a study showing that a cannabis-derived compound successfully eased pain in mice with minimal side effects. Munich-based pharmaceutical company Vertanical is perhaps the furthest along in this quest. It is developing a cannabinoid-based extract to treat chronic pain it hopes will soon become an approved medicine, first in the European Union and eventually in the United States. The drug, currently called Ver-01, packs enough low levels of cannabinoids (including THC) to relieve pain, but not so much that patients get high. Founder Clemens Fischer, a 50-year-old medical doctor and serial pharmaceutical and supplement entrepreneur, hopes it will become the first cannabis-based painkiller prescribed by physicians and covered by insurance. Fischer founded Vertanical, with his business partner Madlena Hohlefelder, in 2017, and has invested more than $250 million of his own money in it. With a cannabis cultivation site and drug manufacturing plant in Denmark, Vertanical has successfully passed phase III clinical trials in Germany and expects…
Share
BitcoinEthereumNews2025/09/18 05:26