Philippines declares emergency as food production costs surge from U.S.-Iran war

7 articles · Updated · The Wall Street Journal · Apr 28

The government introduced fuel subsidies and toll exemptions after diesel prices in Manila more than doubled, reaching 123 pesos per liter by late April.
Farmers and fishermen face sharply higher costs for fuel, fertilizer, and labor, forcing some to reduce production or abandon fields, while rice prices rose 3.6% in March year-on-year.
The crisis, driven by the Strait of Hormuz closure, threatens food security and could trigger renewed protests and rising poverty, especially in vulnerable communities across the Philippines and other developing nations.

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