Border closure prices of rice frozen chicken soar

It seems like you're referring to the recent price hikes of essential commodities in the market, particularly rice and frozen chicken, due to the border closure. Here's a breakdown of the situation:

Rice Prices:

• The border closure has led to a shortage of rice supplies in the country, causing prices to skyrocket.
• According to reports, the price of rice has increased by up to 20% in some areas, with a 25-kilogram bag now costing around PHP 1,500 to PHP 2,000 (approximately USD 30 to USD 40).
• The shortage is attributed to the closure of borders, which has disrupted the usual supply chain of rice imports.

Frozen Chicken Prices:

• Frozen chicken prices have also risen significantly due to the border closure, with some reports indicating a 30% to 50% increase in prices.
• A kilogram of frozen chicken is now priced around PHP 200 to PHP 300 (approximately USD 4 to USD 6), up from PHP 150 to PHP 200 (approximately USD 3 to USD 4) before the border closure.
• The shortage of frozen chicken is attributed to the disruption of imports, as well as the increased demand due to the COVID-19 pandemic.

Other Factors Contributing to Price Hikes:

• The ongoing pandemic has led to increased demand for essential goods, including food and household items, which has put pressure on supply chains and driven up prices.
• The Philippine government's efforts to control the spread of COVID-19, such as lockdowns and travel restrictions, have also contributed to the shortage of goods and services, including food.

What Can Be Done to Address the Issue:

• The government can consider implementing measures to stabilize the supply chain, such as increasing imports or providing support to local farmers and producers.
• Consumers can also take steps to mitigate the impact of price hikes, such as buying in bulk, shopping at discount stores, or exploring alternative sources of food.
• The private sector can also play a role by investing in local food production and processing, which can help reduce reliance on imports and stabilize prices.

I hope this information helps!