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The price of abaca fiber is generally dictated
by the prevailing world market price, which in turn is dependent
on the current supply and demand situation for the commodity.
A ten-year figure from the Bureau of Agricultural Statistics
shows that the monthly price for abaca fiber ranges from P 17.42
to P18.44 per kilo with an average of P 18.14 per kilo. In terms
of price, lean months are March and September while peak months
are April, July, October, November and December.
The average ten-year price
ranges from P 15.16 to P 20.16 per kilo with an average of P
18.30 per kilo. The highest price was attained last 1999 while
the lowest was during 2001. From 2001 up to 2003, due to an increasing
demand for abaca fiber particularly in the export sector, prices
for abaca fiber increased at an average of 12.34% annually.
Table
16. Farmgate Price of Abaca Fiber (Peso/Kilo), Philippines,
1994-2003*
Figure
13. Comparative Monthly Farmgate Price of Abaca Fiber.
Figure
14. Comparative Farmgate Prices of Abaca Fiber, 1994-2003*
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