Philippine Farmers Abandon Crops as Fuel Prices Rise
Philippine farmers are abandoning harvests as rising fuel and transport costs exceed market prices. Diesel costs rose nearly 60 percent in March amid oil shocks.
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Vegetable farmers in the Philippines are being forced to let their produce rot in the fields as the rising cost of fuel makes harvesting and transportation financially unviable. The surge in energy prices, linked to geopolitical instability in the Middle East, has created a situation where the expense of bringing goods to market exceeds the potential revenue from sales.
