Philippine farm and fisheries production value fell 5% year over year in the third quarter, to 389.42 billion pesos, as crop production contracted 9.3%. Rice output fell to 3.08 million tonnes and corn output to 2 million tonnes amid high input costs and flood damage, while stronger livestock and poultry production partly cushioned the decline.
Lower rice and corn output tightens domestic crop availability and could support local prices, while stronger livestock and poultry production provides some offset to the broader decline. High input costs may also constrain future planting and supply.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.