# 2024 farm output shrinks 2.2% - BusinessWorld Online

> The Philippine Statistics Authority reported that the country's agricultural and fisheries output contracted a record 2.2% in 2024 to P1.73 trillion. Crops, livestock and fishery output fell, while poultry grew 6.6%, with El Niño and La Niña cited as causes.

- Date: 2025-01-28 · published 2025-01-28T12:00:00.000Z
- Category: report · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/26411-2024-farm-output-shrinks-2-2-businessworld-online
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Philippine farm output raises the country's import needs for feed inputs, a modest support for global feed grain and meal demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-07-16 | [IGC sees grains output falling in 2026-27 \| World Grain](https://feedsoft.ai/events/9570-igc-sees-grains-output-falling-in-2026-27-world-grain.md) | +3.7% | -0.9% |
| CORN | 2018-09-21 | [Sorghum output, demand declines in Mexico \| 2018-09-21  \| World Grain](https://feedsoft.ai/events/63094-sorghum-output-demand-declines-in-mexico-2018-09-21-world-grain.md) | +3.0% | +4.1% |
| CORN | 2019-09-20 | [Coceral sees higher E.U. grain output \| 2019-09-20  \| World Grain](https://feedsoft.ai/events/57023-coceral-sees-higher-e-u-grain-output-2019-09-20-world-grain.md) | +1.7% | +4.4% |
| CORN | 2024-06-13 | [Food Outlook - Biannual Report on Global Food Markets, June 2024 - World \| ReliefWeb](https://feedsoft.ai/events/17024-food-outlook-biannual-report-on-global-food-markets-june-2024-world-reliefweb.md) | -2.1% | -8.8% |
| CORN | 2020-09-25 | [Projected grains output in EU lowered again \| 2020-09-25  \| World Grain](https://feedsoft.ai/events/51062-projected-grains-output-in-eu-lowered-again-2020-09-25-world-grain.md) | +3.9% | +8.6% |
| SBM | 2018-02-27 | [Higher rice, pulse yields lift farm output to record 277.5 mt - The HinduBusinessLine](https://feedsoft.ai/events/66445-higher-rice-pulse-yields-lift-farm-output-to-record-277-5-mt-the.md) | +3.2% | -0.6% |
| SBM | 2018-02-01 | [China’s rice, soybean imports top the world in 2017 - People's Daily Online](https://feedsoft.ai/events/66383-china-s-rice-soybean-imports-top-the-world-in-2017-people-s-daily-online.md) | -0.7% | +16.6% |
| SBM | 2020-11-25 | [Smaller crops, higher prices for corn, soy \| 2020-11-25  \| Food Business News](https://feedsoft.ai/events/50171-smaller-crops-higher-prices-for-corn-soy-2020-11-25-food-business-news.md) | -2.2% | +5.7% |

## Sources

- bworldonline.com: https://bworldonline.com/top-stories/2025/01/29/649650/2024-farm-output-shrinks-2-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.