A Study on Postharvest Losses in Fisheries Owing to Changes in Market Supply and Demand in the Philippines

Abstract

Market patterns and conditions can affect the economic value of fishery commodities; hence, they can contribute to postharvest losses. This paper primarily aims to provide information on the magnitude of losses incurred from changes in market supply and demand of economically important fishery commodities. Assessed capture commodities in selected landing sites and wet markets recorded an estimated loss of 3.98% and 0.44%, respectively. The total financial loss incurred in both supply chains amounted to PHP 480,160. Estimation of losses per commodity showed that landed sardines obtained the highest loss at 6.86%. This can be attributed to the oversupply of catch at the end of the closure period, leading to a drastic decrease in market prices. Minimal losses were documented in aquaculture at 0.33% and 0.23% for landing and trading, respectively, amounting to PHP 26,541. While lower retail prices could be beneficial to consumers, it could lead to a loss of revenue for fisherfolk. The government should, therefore, take measures to curb price collapses associated with market dynamics through Value Chain Analysis, the establishment of market linkages between producers and consumers, price regulating mechanisms such as the suggested retail price that should be area and species-specific, the establishment of cold storage and commercial-scale ice production facilities in strategic places, utilization of fish and fishery resources through the application of low-cost processing technologies, and provision of livelihood support to small-scale fisherfolk. These initiatives will ensure equitable benefit sharing from the fisheries industry and reduce postharvest losses and wastes across the supply chain in pursuit of food security.