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Philippine farm output likely contracted in 2024 after El Niño and La Niña brought drought, below-normal rainfall and later typhoon flooding. Analysts estimate the value of agricultural output fell by more than 1%, reversing 0.4% growth in 2023 and missing the Department of Agriculture's 1-2% target.
Delayed input distribution and weak local technical support may also have contributed.
Lower domestic rice and crop output raises Philippine import needs and supports regional rice prices. The effect on global feed grain markets is small.
bworldonline.comCEDTyCleaJan 26, 2025After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
