2 weeks Agri trade continues decline Inquirer
Agricultural trade further fell by 20 percent in the second quarter mainly due to lockdown measures implemented globally, according to the Philippine Statistics Authority (PSA). From April to June, the value of the country's agricultural trade dropped to $4.07 billion from $4.4 billion during the first quarter.Exports of agricultural goods in the second quarter amounted to $1.45 billion, while imports hit $2.62 billion, or a trade gap of $1.17 billion. The pandemic prompted countries all over the world to turn to protectionist policies not just to curb the spread of the coronavirus disease, but also to secure their respective resources, ... more