Record pineapple & watermelon revenues in Philippines

Pineapple and watermelon are currently the most profitable fruit commodities in the Philippines with growers posting record high return of investments (ROI) of 377 percent and 220 percent, respectively among other fruit growers in 2019.

The Philippine Statistics Authority’s has released a report with updated production cost and returns of selected agriculture commodities data, which listed down how much farmers and growers made out of a certain commodity in 2019. Aside from pineapple and watermelon, other profitable fruit commodities are calamansi, durian, and mango, while papaya had a negative net return last year.

The report came as the Department of Agriculture is now encouraging more people, particularly millennials and returning Overseas Filipino Workers (OFW), to venture into the agriculture sector.

According to the report, pineapple production in 2019 incurred an average cost of P94,927 per hectare, while for each hectare, an average yield of 41,604 kilograms was recorded, which has a gross value of P453,070.

Less of cash costs, returns amounted to P377,979 per hectare, while returns averaged P376,796 per hectare when both cash and non-cash costs were deducted. Net of all costs, returns figured to P358,143 per hectare.

[ P100=€1.80 ]

Source: mb.com.ph


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