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almond butter price Philippines

The Philippines is one of the tropical countries where all kinds of fruits can be found at reasonable price. In this country, like many other countries, almonds and almond butter have many fans. The Philippines is seeing a structural transition in its economy, similar to what is happening in other nations of similar income level that are also seeing increasing urbanization. As a result of this change, the percentage of the gross domestic product (GDP) contributed by the agriculture sector fell from 13 percent to 9.3 percent between the years of 2008 and 2018, while the percentage of the GDP contributed by the service sector rose throughout similar time period. Although the declining share of the agricultural sector in GDP cannot be taken as a sign of stagnation or decline in this sector on its own, a closer examination of the statistics reveals that the agricultural sector of the Philippines has performed below its real capacity in recent decades. This is a trend that has been ongoing. In point of fact, the agricultural sector in the Philippines has witnessed slower production, productivity, and business growth, in addition to limited structural and technological changes. This is true both in absolute terms and in comparison to the agricultural sectors of its competitors in the region. The vital role that the country's agricultural sector plays in the Philippine economy Because a significant number of people who live in rural parts of the Philippines make their living through agricultural activities, the agricultural sector is of vital significance to the Philippine economy. This relevance comes in two forms. According to the most recent figures, almost one quarter of all employed Filipinos are working in the agricultural industry. This sector includes agriculture, fishery, animal husbandry, and forestry, and it is comprised of four subsectors. 10.2 percent of the country's gross domestic product was equivalent to the sector's gross value added (GVA) output in the year 2020, which was approximately 1.78 trillion Philippine pesos (approximately $35.6 billion; one dollar in the United States is approximately equivalent to 50 Philippine pesos). Since 1974, the percentage of the Philippine economy that is contributed by the agricultural sector has been steadily decreasing. This trend can be attributed to the growth of the service sector, the influx of foreign investment, and the movement of people from rural areas to urban centers. Due to this decline, which occurred at the same time as a significant increase in the country's overall population, the Philippines have become extremely reliant on the importation of agricultural products, especially essential commodities such as rice. Naturally, compared to 2019, the agricultural sector's contribution to the nation's gross domestic product (GDP) is 1.3% larger in 2021 as a result of the long-term quarantine that was imposed as a result of the epidemic of the corona virus (COVID-19) and the natural disasters that occurred during this time period. The primary subfields that comprise the agricultural industry. Agriculture and fisheries are the most important sub-sectors of the Philippine economy within the agricultural sector because of the country's island topography, land, and tropical climate. The agricultural crops of sugarcane, corn, rice, pineapple, and coconut have the highest level of production throughout the country and are also among the best export items. Bananas are another important agricultural commodity. The proportion of the country's agricultural exports that are comprised of fruits and nuts, as well as oils derived from either animals or plants, has increased in recent years. Pigs, cows, and goats were the most important livestock goods, but chicken and duck were the most important poultry items. Other important animal products were sheep and rabbits. On the other hand, the fisheries industry, which includes three sub-sectors—namely, commercial, urban, and aquaculture—has demonstrated sluggish expansion over the past few years. Along with the drop in production volume over the previous decade, the value of fishery products exported from the Philippines has also been subject to a degree of volatility. Alterations in the climate and fishing practices that are both uncontrolled and unsustainable are two of the primary contributors to this decline. The agriculture sector in the Philippines has a number of challenges. In spite of the significance of the agricultural sector, the policies that have been put into place in this sector have manifestly been unsuccessful in producing sustainable development. The economy of the Philippines has been growing steadily over the past several years and is projected to expand by 6.4% between the years of 2016 and 2019. This economic growth was accomplished mostly by the manufacturing and service sectors, while the expansion of the agricultural sector during that time period was quite modest. Even while total productivity [1] (TFP) in the agricultural sector has increased by approximately 32% over the past two decades, this development compares favorably with TFP growth in the Philippines' neighboring nations such as Vietnam (73%), Indonesia (50%) and Thailand (67%)% has been somewhat lower recently. During this time period, the poor expansion of the agricultural sector in the Philippines was caused by a number of factors; nevertheless, two of these variables were more significant than the others. - A low level of productivity in the production of rice, which, when grown in the Philippines, results in a yield that is significantly lower than the regional average for East and Southeast Asian countries. - A lack of product variety, a lack of production of products with high added value for both local consumption and export, and a lack of integration of farmers into the value chain are all contributing factors. We can refer to the indiscriminate conversion of agricultural fields into residential, industrial, and tourist communities as one of the contributing elements, among a number of others. Only one third of the country's 30 million hectares of fertile land is now being put to use for agricultural purposes. In addition, the Philippines are susceptible to natural disasters such as seasonal typhoons and typhoons, floods, and droughts because of their position, which results in unstable production in the agricultural sector. Poor policy making, a lack of attention to sustainable agricultural development, and unequal distribution of facilities in the agricultural sector are some of the factors that have contributed to the growth of poverty in rural parts of the Philippines over the past four decades. Villagers have only been able to survive the crippling poverty that has been caused by stagnant and declining agricultural productivity, fierce competition from cheaper food imports, and periodic droughts and floods that destroy crops and livestock because the only source of financial assistance has been overseas Filipino workers sending money home to their families. To take Despite the fact that the rate of poverty among farmers and fishermen in the Philippines has been on a declining trend over the course of time, it is still much higher than the national average and about three times higher than the rate of poverty among urban households.

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