Paeng’s damage to agriculture hits P1.3 billion, likely to push inflation up
Paeng’s damage to agriculture hits P1.3 billion, likely to push inflation up
Photo: Rappler
MANILA, Philippines – Severe Tropical Storm Paeng (Nalgae) has wiped out at least P1.3 billion worth of agricultural goods, the latest assessment of the Department of Agriculture (DA) showed on Monday, October 31.
Damage and losses have been reported in the Cordillera Administrative Region, Central Luzon, Calabarzon, Mimaropa, Bicol, Western Visayas, Zamboanga Peninsula, and Soccsksargen, affecting 53,849 farmers and fisherfolk, with volume of production loss at 66,963 metric tons and 64,607 hectares of agricultural areas.
Rice accounted for nearly all of the damage, with a total value loss of P1.2 billion.
Other damaged goods included corn (P5.6 million), high value crops (P60 million), livestock and poultry (P1.9 million), and fisheries (P16 million).
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