While the country’s production of chrysanthemums, orchids and roses remained stable, the latest report of the Philippine Statistics Authority (PSA) showed cut flowers posted a decline of 4.94 percent to 8,886 metric tons (MT), from the 9,348 MT recorded in 2016.
The industry reached its peak output with 23,618 MT in 2004. However, general production has been on a 14-year-long decline since then, data from the PSA showed.
The lack of supply has placed an upward pressure on the prices of cut flowers, random interviews with vendors along Dimasalang Road, popularly known as Dangwa Flower Market, showed.
However, vendors in this area said high prices made it difficult for them to rake in sales.