Fishing ban risks supply crunch, price surge, warns industry group

MANILA – The Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) has raised concerns that the impending closed fishing season could constrain fish supplies and trigger price increases for consumers. The annual fishing ban, set to take effect across several key fishing grounds starting November, typically lasts three months to allow fish stocks to replenish. However, the fishers' group warned that the seasonal restriction may create market disruptions and artificial shortages that could drive up costs at the consumer level. Pamalakaya highlighted the potential economic impact on households already grappling with rising food costs. The group did not provide specific price projections but emphasized the risk of supply chain complications during the moratorium period. Fish remains a staple protein source for many Filipino families, making any significant market disruption a concern for food security and household budgets.