Metro Manila (CNN Philippines, January 7) — President Ferdinand Marcos Jr. has secured business deals with Chinese companies to help bring down prices of fertilizer, Malacañang said Saturday.
The Presidential Communications Office in a statement said the Philippine government inked a cooperation agreement with two Chinese manufacturing firms to “ensure sustainable supply of the much-needed fertilizers at reasonable prices.”
“We look forward to a steady supply of fertilizer inputs needed by our farmers through these agreements,” Marcos, as quoted by the Palace, told executives of the agribusiness sector in Beijing during his recent state visit.
During their meeting, the chief executive also lamented how the costs of agricultural products have become unaffordable for Filipino farmers.
“One of the strategies to address this is to establish cooperative agreements with suppliers so the government can buy these inputs in bulk and to be able to sell them to farmers at a lower price,” he noted.
