Philippine banana growers are on the brink of bankruptcy. Photo: Reuters
Philippine banana growers are on the brink of bankruptcy. Photo: Reuters

Philippine banana growers plead for Japanese consumers to bear price hikes – farmers on brink of bankruptcy

  • Soaring costs of fuel and agricultural supplies are forcing farmers to charge more, and retailers and traders told them to ‘take their concerns to the public’
  • Prices are surging in Japan after decades of deflation, accelerated by the yen’s drop to a 20-year low, soaring energy costs and the crisis in Ukraine

Philippine banana growers are on the brink of bankruptcy. Photo: Reuters
Philippine banana growers are on the brink of bankruptcy. Photo: Reuters
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