Price Analysis of Tomato in Selected Provinces of the Philippines, 1995-2020

Date

1-2023

Degree

Bachelor of Science in Agricultural Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Cenon D. Elca

Committee Member

Julieta A. Delos Reyes, Agham C. Cuevas

Abstract

the study aimed to analyze the farmgate and retail prices of tomatoes on a national level and selected major tomato-producing provinces of Ilocos Norte, Iloilo, and Bukidnon. The study specifically aimed to analyze the behavior in the farmgate and retail prices of tomatoes and, at the same time, assess its seasonal, secular, cyclical, and irregular variations from 1995 to 2020.

Based on the results of the study, nominal and real farmgate prices of tomatoes had an increasing trend from 1995 to 2020. Major price increases occurred from 1997 to 1998 and from 2019 to 2020. The price increases were shown to have been associated with natural calamities such as droughts and typhoons and the COVID-19 pandemic.

The study revealed that the highest retail seasonal price index of tomatoes came in the rainy month of October, and the lowest seasonal indices came in the summer months of April and May, coinciding with the harvest season. On the other hand, the highest farmgate price index of tomatoes was recorded from July to October, while the lowest index was seen during the summer months. Moreover, in terms of price variability, the provinces of Ilocos Norte and Iloilo had the highest price variability among the three provinces covered by the study.

In terms of the secular trend, the farmgate and retail prices of tomatoes generally revealed long-term increasing trends. Moreover, the secular trend also showed that Ilocs Norte and Iloilo had the higher price variability compared to Bukidnon.

The notable increases in the cyclical price variation for the farmgate was in 2020 beacuse of the COVID-19 pandemic. While for retail prices, the notable increase was in the province of Bukidnon in 1997 due to the drought that stuck the province. The peaks and troughs of the price movements of tomatoes came every four months, which coincided with the production cycles of tomatoes.

Lastly, the study showed that natural calamities affect farmgate prices more than retail prices in terms of irregular price variations. Thus, the study recommended that the regional offices of the Department of Agriculture conduct entrepreneurial seminars on the post-processing of tomatoes so that tomato growers can sell their produce at a higher value if their harvest coincides with low farmgate prices. Moreover, the study recommends that the site analysis be done to have more specific recommendations on farm input usage. Lastly, the study recommends that the Department of Agriculture's regional offices apply preventive measures to help prevent tomato crop wastage during the wet season.

Language

English

LC Subject

Tomato industry, Pricing

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2023 A14 T56

Notes

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Document Type

Thesis

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