Philippine sugar output in marketing year (MY) 2018-2019 was estimated to increase by at least seven percent from 2.10 million (M) tons from the previous year to 2.23M tons, according to the Global Agricultural Information Network (GAIN) report. Projections from the GAIN report, which was prepared by the US Department of Agriculture-Foreign Agricultural Service in
Inflation reached a new nine-year high of 6.7 percent in September versus the 6.4 percent in August, based on data released by the Philippine Statistics Authority (PSA). Steep increases in food prices was caused by supply disruptions after the onslaught of Typhoon Ompong, stoking inflation in September, the PSA noted. Malacañang had assured that they
Earnings from the agricultural exports of the country registered a 32.3 percent growth from PhP250.8 billion (B) in 2016 to PhP331.6B in 2017, according to the latest report from the Philippine Statistics Authority (PSA). On the other hand, imports of farm products have marginally declined by 0.3 percent from PhP594.5B in 2016 to PHP592.8B in
Typhoon Ompong (international name: Mangkhut) made its landfall in Baggao, Cagayan last September 15, causing heavy rainfall and bringing winds of over 200 km per hour. The typhoon reportedly caused PhP21.3 billion (B) worth of damages to agriculture and public infrastructure, according to the National Disaster Risk Reduction and Management Council (NDRRMC). The amount is
According to the Philippine Rice Research Institute (PhilRice), the country loses almost 900,000 tons of rice every year. The wastage is incurred during handling and storage between the farm and the market. PhilRice Deputy Executive Director Flordeliza Bordey stated during a Senate budget hearing that “the losses were caused by mishandling and poor storage practices.”