P2 billion fund to help stabilize chili pepper supply

P2 billion fund to help stabilize chili pepper supply

MANILA – A P2 billion allocation for high-value crops under the 2026 national budget is expected to help stabilize the supply of siling labuyo (small chili pepper) and address recurring price spikes, Sen. Francis Pangilinan said.In a statement Wednesday, Pangilinan said the surge in chili prices, with siling labuyo reportedly reaching as high as P1,000 per kilo, is largely due to supply constraints during the rainy season.“It’s basic: during rai…