Philippines Agriculture Output Contracts Amid Tariff Discussions
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
The Department of Agriculture reported that agricultural output contracted in the third quarter. This decline is expected to persist until the first quarter of 2027, influenced by El Niño and past heavy rains. While output grew by 2.9 percent in the second quarter, the impact of El Niño this year is anticipated to be less severe than previously predicted.
From philstar.com
Why it matters
The agricultural contraction, combined with ongoing discussions about pork tariffs, affects the country's food supply and market prices. The Department of Agriculture's reports detail how weather patterns are impacting the performance of the agricultural sector.
The Philippines issued an executive order regarding meat import quotas, naming Australia and Brazil as top suppliers.
From philstar.com
Who's involved
- Department of AgricultureGovernment agency that issued reports on agricultural output
- PhilippinesCountry where the agricultural contraction and tariff discussions are occurring
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PhilippinesSpeculative
The country might see changes in market prices and food supply due to the agricultural contraction.
- JollibeeSpeculative
Jollibee might face changes in input costs and supply chain stability due to pork tariff discussions.
How it developed
Newest first. Tap a step to see who reported it.DA plans to restore tariffs and suspend pork imports.1 source
Cabinet discusses pork tariffs as part of meat import quota policy.1 source
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The entities involved
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Manila
capital city of the Philippines
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Department of Agriculture
government organization in Belize City, Belize