By Revin Mikhael D. Ochave, Reporter THE farmgate price of chicken is expected to remain soft in the coming months despite more freedom of movement and business operations promised by the new quarantine scheme, the United Broiler Raisers Association (UBRA) said. UBRA President Elias Jose M. Inciong said in a mobile phone interview that prices will […]
Tag: prices
Peso retreats on higher oil prices
THE PESO dropped versus the dollar due to higher oil prices. — BW FILE PHOTO THE PESO weakened versus the greenback on Monday due to cautious sentiment amid higher oil prices and faster US producer inflation. The local closed at P49.975 per dollar on Monday, shedding 11 centavos from its P49.865 finish on Friday, based […]
Should we worry about fish price inflation?
Yes, I would say as consumers, we should worry about fish price inflation. Not only us consumers, but the Duterte administration as well, because fish prices, together with pork prices, have been among the biggest components driving consumer price inflation, which has surged to 4.9% last August. Food price inflation also has political ramifications and […]
Showa Denko to Raise Chloroprene Rubber Price
TOKYO, Aug 20, 2021 – (JCN Newswire via SEAPRWire.com) – Showa Denko (SDK; TSE:4004) has decided to increase its chloroprene rubber prices globally. The new prices will be effective from September 1, 2021. We have avoided raising our chloroprene rubber prices for as long as possible, but we can no longer prolong the inevitable. The […]
Price stability touted amid bid to charge more for food
A CONSUMER protection group called for efforts to stabilize food prices as producers seek higher prices for their goods, citing global supply chain disruptions, which have increased their import costs. Laban Konsyumer, Inc. President Victorio A. Dimagiba said in a Viber message Saturday: “Keeping prices at bay is the better option. (The) food sector made […]
Co-ops: Supply issues caused higher power prices
THE PHILIPPINE Rural Electric Cooperatives Association, Inc. (Philreca) said that electricity rates rose in June due to supply issues and not the failure of electric cooperatives (ECs) to procure power through competitive bidding. “The sudden spike in electricity prices last month is not because there is a failure for ECs to conduct CSPs (competitive selection […]
Peso drops vs dollar as oil prices climb after OPEC+ fails to reach deal
THE PESO depreciated versus the greenback for the third straight day on Monday as global oil prices inched higher and due to increased demand for the dollar as the economy gradually reopens. The local unit closed at P49.24 per dollar on Monday, shedding four centavos from its P49.20 finish on Friday, based on data from […]
Wholesale price growth of general goods eases in April
PHILIPPINE STAR/ MICHAEL VARCAS THE year-on-year growth in wholesale prices of general goods slowed in April compared to the rate recorded in March, the Philippine Statistics Authority (PSA) said Wednesday. The general wholesale price index (GWPI) rose 2.7% year on year in April, against the 2.8% pickup in March, according to preliminary data. Driving the […]
Import-dependent India losing sleep over record high vegetable oil prices
NEW DELHI — India, the world’s top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and is mulling cutting taxes on those imports to soften the blow to the economy, industry officials have said. The government is considering reducing taxes on […]
Peso retreats vs dollar on higher oil prices, US central bank meet
THE PESO declined versus the dollar on Wednesday due to higher oil prices and as the market waited for the US central bank’s policy decision. — BW FILE PHOTO THE PESO retreated versus the greenback for the third straight day due to higher oil prices and as the market was waiting for the policy decision […]
Lepanto trims net loss to P63M after rise in metal prices
LEPANTO Consolidated Mining Co. reduced its attributable net loss to P63.11 million in the first quarter after metal prices improved during the period, the listed mining company told the stock exchange on Wednesday. Its losses during the January-to-March period were 70.6% lower than the P214.35-million attributable net loss it had last year. Consolidated revenues fell […]
Higher oil prices cause peso to drop
THE PESO declined against the dollar on Wednesday as oil prices edged higher even as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) said it would hike output. The local unit closed at P47.82 versus the dollar on Wednesday, down by six centavos from Tuesday’s finish of P47.76, data from the Bankers […]
Leon Fuat Berhad Records Stellar Quarter due to Rising Global Demand, Profit Up 3,297%
SHAH ALAM, Malaysia, May 28, 2021 – (ACN Newswire via SEAPRWire.com) – Leon Fuat Berhad (“Leon Fuat”), a manufacturer and trader of steel products, specialising in rolled long and flat products, today announced that the Group recorded a 3,297.0% rise in profit after tax (“PAT”) to RM36.11 million for the quarter ended 31 March 2021 […]
Meralco rates seen to increase in June
Manila Electric Co. (Meralco) customers are likely to see a rise in their electric power bills in June, following a surge in spot market prices, an official from the firm said on Friday. “Based on early, initial projections, there may be an upward pressure on the generation charge for the month of June 2021 due to observed […]
BSP wary of inflation impact of oil prices
THE Bangko Sentral ng Pilipinas (BSP) said it is monitoring the markets for any possible second-round effects resulting from rising oil prices, particularly their impact on inflation, though it called such an eventuality unlikely in the near term. The Monetary Board of the central bank has taken into account the effect of higher oil prices […]
Peso weakens for fifth day on rising oil prices
THE PESO continued to weaken for a fifth straight trading day against the greenback on Tuesday amid rising global crude oil prices. The local unit closed at P48.135 versus the dollar on Tuesday, dropping by 7 centavos from Monday’s finish of P48.065, data from the Bankers Association of the Philippines’ website showed. This was the […]
BSP sees inflation breaching target anew in April
The Bangko Sentral ng Pilipinas (BSP) said inflation likely breached the upper-end of its annual target for a fourth straight month in April due to higher electricity rates and food prices. Inflation during the month likely reached between 4.2% to 5%, BSP Governor Benjamin E. Diokno told reporters in a Viber message. This is above […]
Peso declines vs dollar as oil prices inch higher
THE PESO weakened against the dollar on Wednesday as oil prices went up. — BW FILE PHOTO THE PESO retreated against the greenback on Wednesday as oil prices edged higher and as the market was waiting for the US Federal Reserve’s policy decision. The local unit closed at P48.477 per dollar, depreciating by 9.6 centavos […]
Supply and prices of fish stabilize, Agri dep’t says
THE SUPPLY and prices of fish sold in the so-called “NCR plus” quarantine area, consisting of the National Capital Region and Cavite, Laguna, Rizal, and Bulacan provinces, have stabilized, the Department of Agriculture (DA) said. Agriculture Secretary William D. Dar said in a statement Tuesday that the normalization of the fish market coincides with the […]
Prices of chicken meat, pork in Cebu City go back down
THE prices of chicken and pork in Carbon Public Market are now back to their regular prices, according to the Cebu City Market Operations Division. Cebu City Market Administrator Irvin Cabales said prices of different cuts of pork now range from P160 to P200 per kilo. As of April 14, 2021, a kilo of pork […]