Galunggong prices in the Philippines are seen to drop 30% as open fishing season starts

Published 2024년 2월 5일

Tridge summary

The Department of Agriculture (DA) in the Philippines anticipates a decrease in prices of galunggong (round scad) and other pelagic fish by up to 30% due to the commencement of the open fishing season in Palawan. In addition, the DA, along with the Philippine Crop Insurance Corp., has allocated a total of P2.3 billion to aid farmers affected by the ongoing El Niño, which has resulted in P109.4-million worth of crop damage.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices of galunggong (round scad) and other pelagic fish are expected to drop by as much as 30% in the coming months following the start of the open fishing season in Palawan which serves as a major source for Luzon. Latest data available from the Department of Agriculture (DA) show that retail prices of local galunggong in Metro Manila ranged from P200 to P330 per kilogram on February 2, up from P200 to P280 per kilogram on Oct. 31, 2023, a day before the closed fishing season started. Prices of imported galunggong, meanwhile, range from P180 to P260 per kilogram. “Dahil nagsisimula na muli ‘yung ating open season ngayong February, March, inaasahan natin na malaki ‘yung ibababa, siguro hanggang 30% na presyo ng galunggong at iba pang pelagic fish,” DA spokesperson Arnel de Mesa said on Bagong Pilipinas Ngayon. (Because the open season started this February, March, we expect a big drop, maybe up to 30%, in the prices of galunggong and other pelagic fish.) The three-month-long ...
Source: Gmanetwork

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