Agriculture slows down
The Agriculture Industry which shared
85.2 percent to the total AHFF went up by 2.5 percent in the first quarter of 2018 from a 5.8 percent growth in the previous year. Contributing to the sector’s growth were: Palay, 4.6 percent; Poultry, 5.2 percent; Coconut including copra, 8.5 percent; Corn, 4.7 percent; and Livestock, 2.1 percent.
Meanwhile, the decrease in the following sectors contributed to the slowdown in the growth of Agriculture: Sugarcane, negative
11.3 percent; Mango 9.4 percent; Cassava, negative 7.8 percent; and Coffee, negative 8.7 percent.
In the first quarter of 2018, Forestry decreased by
12.7 percent from the 19.3 percent contraction from the same period last year.
Fishing continue to contract
Fishing, which accounted for
14.4 percent of the total AHFF in the first quarter of 2018, declined by 3.7 percent from a 1.2 percent growth in the same period of the previous year. Milkfish, Tilapia, Roundscad, Tiger prawn and Yellowfin tuna contributed to its decline.