Filipino exporters remain optimistic despite higher costs due to Ukraine-Russia war

Filipino exporters are still optimistic for their industry’s performance for the latter half of the year despite being bugged by higher costs fueled primarily by the ongoing tension between Ukraine and Russia.

“We are looking up because as of now, the world is getting to normal so we are looking that the situation will be back to normal. Maybe we can export more in the future, this second half of the year,” said Ruben See, president of the Philippine Food Processors and Exporters Organization.

For Pilipino Banana Growers and Exporters Association, the market for local bananas remains attractive. “All we have to do is maintain our quality and increase the volume of production by doing research and trying to contain the further spread of this TR4 disease in banana plantations,” argued PBGEA executive director Stephen Antig.

Source: cnnphilippines.com


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