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Taiwanese cabinet intends to stabilize vegetable prices

Zoom in font  Zoom out font Published: 2018-08-29  Views: 3
Core Tip: Taiwan’s Cabinet held a meeting last Monday, to discuss how to stabilize vegetable prices following serious flooding in southern Taiwan due to the torrential rainfall of last week.
 Taiwan’s Cabinet held a meeting last Monday, to discuss how to stabilize vegetable prices following serious flooding in southern Taiwan due to the torrential rainfall of last week.

Flood-related agricultural losses are estimated to have reached more than NT$500 million ($16.2 million) and the government has requested the Council of Agriculture to monitor market conditions closely.

The Cabinet also instructed the COA to watch out for any price fluctuations in local markets and to supervise private wholesalers and their inventory to increase supplies when needed. It also called on the National Development Council to coordinate with the agricultural council and other local agencies to follow closely the government's price stabilization measures.

Meanwhile, focustaiwan.tw reported on COA Deputy Minister Chen Chi-chung saying that vegetables and fruits damaged by the flooding in southern Taiwan only make up for 0.1 percent of the total national supply, and therefore the supply should not be affected.


 

 
 
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