Higher food prices due to speculation, not TRAIN - Piñol

MANILA – Department of Agriculture ( DA) secretary E mmanuel P i ñ o l o n Wednesday assured that the government is addressing the high prices of commodities in the market, as he downplayed speculations that the uptick is due to the imposition of the tax reform law.

“The TRAIN (Tax Reform for Acceleration and Inclusion) law has very little impact actually on prices. Prices in the market are rising because of speculation,” he said during the pre-State of the Nation Address (SONA) forum held at the Philippine International Convention Center in Pasay City.

Piñol said unscrupulous traders and middlemen have found a scapegoat in the tax reform law and higher fuel prices.

He, however, said that the prices of basic agricultural goods could be addressed in the long term if the problems in farm productivity and mrnetfrfitsonroieeoafnonoqam etdcioTFamutrenro, ilah nehkddivccurrsedcee rleiemttonteedl t mirehcnlat aaemaaeatsegdtrgtechelrnesinestipchw tsi . ask istpsab rroarworruem hidoofrielpbo rou laurlr ppaowtrestsrthrepdi io enaueicum tgtnasselcc aru hthnhyld, anai eieioulghnertermlnhoyygeeesf r mrrebtlec mie tft,

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