ABACA PRODUCTION DECLINES DUE TO TYPHOON DAMAGE

Local abaca production fell by 5.3 percent this year, largely due to widespread typhoon damage affecting key farming areas, particularly in Bicol, a top-producing region.

Production data as of September accounts for nearly 70 percent of the expected output, showing a long-term decline of 24.5 percent compared to 2014 levels.

The abaca industry in Catanduanes alone suffered over P1.2 billion in losses, impacting nearly 14,000 farmers, according to the Philippine Fiber Industry Development Authority (PhilFIDA).

The government has submitted rehabilitation plans to the Department of Agriculture and proposed temporary labor and financial support for affected workers.

Industry leaders are also urging the return of abaca fiber in Philippine banknotes to create steady demand and support recovery.

Source: PhilNews24 | December 1, 2025