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Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee , cavendish banana , pineapple and pineapple products, coconut , sugar , and mango . [ 1 ]
There has been a noted shortage of supply of sugar in the domestic market of the Philippines after a poor harvest of for the 2021–22 crop year.This led to the price increase of the commodity and there has been suspicions of traders taking advantage of the situation through hoarding and/or smuggling.
The Philippines' National Food Authority (Filipino: Pambansang Pangasiwaan ng Pagkain, abbreviated as NFA), is an agency of the Philippine government under the Department of Agriculture responsible for ensuring the food security of the Philippines and the stability of supply and price of rice, the Philippines' staple grain.
Additionally, food exporters and processors with Customs Bonded Warehouses (CBW) could import sugar tariff-free for products sold overseas, as permitted by the Tariff and Customs Code of the Philippines (TCCP). In 2010–2011, the Philippines again had a sugar surplus, but significant amounts of sugar premixes for industrial use were imported.
The highlights of its short-lived success happened when the Philippines finally attained self-sufficiency in 1975–1976, and was able to export rice to its neighbors in Asia in 1977–1978. But costly subsidies and failure of many farmers-borrowers to repay the loans led to the program benefiting only 3.7% of the country's small rice farmers ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
The Agriculture and Fisheries Modernization Act (AFMA), or Republic Act 8435, was signed into law in December 1997 by President Fidel V. Ramos. AFMA focuses on 5 major concerns: poverty alleviation and social equity, food security, global competitiveness, sustainable development, and income profitability especially for farmers and fisherfolk.
The Philippines' Bureau of Agriculture and Fisheries Product Standards (Filipino: Kawanihan ng mga Pamantayan sa Produktong Pansaka at Pampangisdaan, abbreviated as BAFS), is an agency of the Philippine government under the Department of Agriculture responsible for setting and implementing standards for fresh primary and secondary processed agricultural and fishery products.