Reduced agri volume

COVID 19 is foreseen to substantially reduce by a significant 3.11 percent the volume of agriculture output in Southeast Asia (at 17.03 million metric tons or MT) for the first quarter of 2020 as a result of a decrease in farm labor affecting 100.77 million farmers.

This loss is equivalent to $3.76 billion or 1.4 percent in gross domestic product for the Southeast Asian region, according to the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA).

In a policy paper, “Impact of COVID-19 Pandemic on the Agriculture Production in Southeast Asia: Reinforcing Transformative Change in Agricultural Food Systems,” SEARCA asserts that a unique balance must be achieved among Southeast Asian countries on two important goals—trade and food security.