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2020 Philippine corn planting profits drop to the lowest in 8 years

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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According to the Philippines ' Business Mirror "(Business Mirror) November 3 reported, the Philippine Bureau of Statistics (PSA) latest data show that, despite lower production costs, but because farm prices fell to a three-year low in 2020, the Philippine planting corn revenues continued Decrease, the net profit cost ratio (referring to the amount of income farmers earn per peso investment) fell to 0.
57, a record low in the past eight years
.
The net income per hectare was 14336 pesos, a year-on-year decrease of 15.
25%, which was the lowest point in the past four years
.

Philippine price corn net profit

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