Food on the activities that connects tsupply demand

Food is an important part of our lives, which is why
the way it is grown, manufacture and transported is worth understanding and
improving. The food industry causes a series of industrial activities directed
at the processing, conversion, preparation, preservation and packing of
foodstuff. This sector the food industry focuses on the activities that
connects tsupply demand and consumption of foods for the raising population

Growth trend in food industry plays an important
role and can be associated directly to the agricultural sector. Agricultural
sector is the fundamental key component of food sector since this sector
provides the raw materials for the food processing for the consumers in their
day by day basis of food consumption. The government is also the key factor for
the improvement of food industry since government supports the agricultural
sector in order for the development and improvement of the needs of people in
terms of food consumption. Also we need to take a consideration about the
supply and demand on how the supply affect the demand and how the demand affect
the supply of the certain product. For an example when the supply for an
agricultural product goes up, the price of the product goes down and the demand
for the product can rise because its cost lessen.

If we talk about agricultural products, there are
four main important produce of agriculture and this are the; crops, livestock,
poultry and fishery.

Since Philippines is agricultural base country and
these four major produce of the agricultural sector is rich in the country,
this main produce are the reason for our satisfaction for food consumption and
for our survival, however there are some situations that this products decline
its production in some years due to different scenario like in 2009 and 2010
were drought occur during 2009 resulting a declining production in 2010 because
in the volume of production in 2010 is the aftermath of the drought that occur
in 2009. In 2013, Rice crop production devastated by typhoon Haiyan (Yolanda).
In 2015 the sector’s performance was negatively affected by the long dry spell
and damages caused by Typhoon Lando and due this typhoon in 2016 palay and corn
farms which suffered the most damaged, and in 2016, excessively dry conditions
due to a strong El NiƱo as well as excessively wet conditions due to typhoons and
because of this events the supply of crops went down which affected the
production and the consumers as what I said above discussion about supply and
demand.

Prospects of the food sector today are going up and
will be continuing to go up for the many years because the growing demand for
convenience has led to the expansion of the Philippine food industry in the
form of fast-food restaurants and casual dining restaurants. Big companies restaurants
are also growing, especially in Metro Manila because of its fast growing
population and the higher demand of the products. Competition for fast food
restaurants presenting different ideas of advertisement convincing costumers to
try their products, with the operators in a restaurant always interested having
new and thrilling menu concepts to fascinate customers.

Author: