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In 2020, the income of Philippine rice farmers drops to the lowest in five years

 Last Update: 2021-11-11
 Source: Internet
 Author: User

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According to a report from the " Philippine Star" (Philstar) on November 1, data from the Philippine Statistics Agency (PSA) shows that the income of Philippine rice farmers in 2020 will slightly decline, mainly due to the small increase in rice production costs and the continuous decline in farm prices
.
In that year, the average cost of rice cultivation in the Philippines was 47,000 pesos per hectare, a year-on-year increase of 1.
7%, of which labor costs were 10,200 pesos and fertilizers were 3,900 pesos
.
The yield per hectare is 4.
09 tons, and the profit per hectare is 68,500 pesos
.

Philippines price

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