Disasters affecting food prices

A World Bank (WB) study released over the weekend said that the country’s food prices increase rapidly, which result in a lesser food consumption, every time natural calamities and disasters such as typhoons, earthquakes and floods occur.

In a comparison of rainfall data and surveys during years 2003, 2006 and 2009, the study titled Disquiet on the Weather Front: The Welfare Impacts of Climatic Variability in the Rural Philippines found that the Philippines decreased food consumption by 4 percent when food and other agricultural prices go up rapidly during natural calamities.