Fish prices up ahead of Holy Week 2024 in Philippines

Seafood

Philippines

Market & Price Trends

Published Mar 23, 2024

Tridge summary

Ahead of Holy Week, a period when Catholics traditionally abstain from eating meat, prices of fish products have increased due to a surge in demand. According to the Department of Agriculture (DA), prices of bangus rose from P140 to P250 per kilo on March 18 to P150 to P220 per kilo on March 21, while local galunggong prices increased from P180 to P280 per kilo on March 18 to P180 to P300 per kilo on March 21. DA spokesperson Assistant Secretary Arnel De Mesa anticipates a further 10% to 20% price increase from Maundy Thursday to Black Saturday, but does not see a need for a price ceiling.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Fish products saw price increases as demand rose ahead of Holy Week. Catholics abstain from eating meat as a form of penance on Ash Wednesday and all Fridays during Lent. The latest data from the Department of Agriculture (DA) showed bangus prices rose from P140 to P250 per kilo on March 18 to P150 to P220 per kilo on March 21. Likewise, the price of local galunggong increased from P180 to P280 per kilo on March 18 to P180 to P300 per kilo on March 21. “Lalo na yung mga Thursday, Friday hanggang Sabado. Mga 10% to 20% normally itinataas,” said DA spokesperson Assistant Secretary Arnel De Mesa in Bernadette Reyes’ “24 Oras” report on Friday. (Prices are expected to increase by 10% to 20% from Maundy Thursday to Black Saturday.) However, de Mesa said there was no need to impose a price ceiling. “The DA is not considering any price ceiling for any commodities, kahit sa pork,” he said. (The DA is not considering any price ceiling for any commodities, even pork.) Meanwhile, a fish ...

Source: Gmanetwork