Politics · Philippines Bureau
Philippines senator calls for stricter enforcement against price hoarders amid El Niño
Senator Francis Pangilinan has urged authorities to intensify efforts against market manipulators as the Philippines prepares for El Niño's anticipated impact on food supplies and costs. The weather phenomenon is expected to trigger drought conditions and water shortages that could disrupt agricultural production.
LSN Philippines ·
MANILA — Senator Francis 'Kiko' Pangilinan called on Monday for the government to strengthen enforcement actions against hoarders, profiteers and cartels as the country faces potential food security challenges from an approaching strong El Niño event.
Pangilinan emphasized that authorities should pursue both criminal and administrative cases against those who exploit supply disruptions for profit. The senator's appeal comes as meteorological forecasts warn of prolonged dry conditions and water scarcity that could significantly constrain domestic food output during the coming months.
The Philippine agriculture sector remains particularly vulnerable to El Niño's effects, with rice and corn production at risk from extended drought periods. Market analysts have warned that reduced harvests could create opportunities for unscrupulous traders to manipulate prices and exploit consumer demand.
Government agencies tasked with consumer protection and market regulation are expected to heighten monitoring of commodity prices and supply chains to prevent anti-competitive practices. The push reflects broader concerns about inflation and food affordability as the country navigates the dual challenges of climate impacts and economic pressures.