5. Key Commodity Performance - National Agricultural and Fishery ...
5. Key Commodity Performance - National Agricultural and Fishery ...
5. Key Commodity Performance - National Agricultural and Fishery ...
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Benchmarking<br />
<strong>5.</strong>2.8 Benchmarking corn yield levels among selected Asian countries indicated<br />
that the Philippines lags far behind China, Thail<strong>and</strong>, <strong>and</strong> Indonesia although it<br />
has overtaken India in 2004. Philippine yield performance from 1993-1998 was<br />
lowest at 1.3% but its yield growth improved from 1999-2004 with 4.8% following<br />
Malaysia <strong>and</strong> Vietnam. The growth can probably be attributed to the exp<strong>and</strong>ed<br />
plantings of hybrid corn seeds.<br />
Table <strong>5.</strong>2.1. CORN: Comparative Yields of Selected Asian Countries, 1993,<br />
1998 <strong>and</strong> 2004<br />
Country Yield (ton/ha)<br />
1993 1998 2004<br />
China 4.96 <strong>5.</strong>27 <strong>5.</strong>12<br />
India 1.60 1.80 2.00<br />
Indonesia 2.20 2.65 3.34<br />
Malaysia 1.90 1.85 3.00<br />
Philippines 1.52 1.62 2.14<br />
Thail<strong>and</strong> 2.73 3.34 3.87<br />
Viet Nam 1.78 2.48 3.49<br />
Source of basic data: FAO<br />
<strong>5.</strong>2.9 In terms of producer prices, the Philippines came out to be the most<br />
expensive corn producer among selected Asian countries which was $40 more<br />
expensive than Indonesia. There was a significant decrease in Philippine prices<br />
which saw the country with lower prices than Indonesia in 2002.<br />
Table <strong>5.</strong>2.2. CORN: Comparative Producer Prices of Selected Asian<br />
Countries, 1993, 1998 <strong>and</strong> 2002<br />
Country Price ($/ton)<br />
1993 1998 2002<br />
China 97.01 131.90 108.86<br />
India 108.06 112.17 116.64<br />
Indonesia 130.97 86.77 141.41<br />
Philippines 170.72 144.54 124.41<br />
Thail<strong>and</strong> 109.00 9<strong>5.</strong>02 96.42<br />
Source of basic data: FAO <strong>and</strong> IFS<br />
Competitiveness analysis<br />
<strong>5.</strong>2.10 The results of parity price ratio estimation showed that corn production<br />
systems in Isabela <strong>and</strong> South Cotabato were not price competitive with corn<br />
exports. The export parity/domestic price ratios across different levels of<br />
technology <strong>and</strong> exchange rates were all less than one implying noncompetitiveness<br />
with the corn export price (UA&P Foundation, 2000)<br />
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