Friday, May 13, 2016
Agriculture posted a 4.53 percent drop in production in the first three (3) months of 2016. The output increments in the livestock and poultry subsectors were not enough to offset the downturn in the performance of the crops and fisheries subsectors due to prolonged dry spell and damages caused by Typhoons "Lando" and "Nona". Gross earnings amounted to P375.2 billion at current prices or 1.49 percent lower than the last year's level.
The crops subsector contracted by 8.55 percent. It contributed 52.06 percent to the total agricultural output. Palay and corn registered output losses of 9.97 percent and 19.07 percent, respectively. Meanwhile, production gains were recorded by cassava, tobacco, abaca, pineapple, coffee, sugarcane and mongo. The subsector grossed P211.1 billion at current prices. This represented a 3.50 percent decline from the previous year's earnings.
Livestock production expanded by 4.66 percent. The subsector accounted for 17.18 percent of total agricultural output. Hog, as the main growth catalyst, came up with a 5.47 percent increase in production. At current prices, the subsector's gross value of output amounted to P60.0 billion which was 1.23 percent higher than last year's record.
The poultry subsector grew by 1.01 percent. It recorded a 15.85 percent share in the total agricultural production. All components recorded output gains except for chicken. The subsector's gross earnings at current prices amounted to P52.2 billion and indicated an 8.85 percent improvement this year compared to the same period last year.
The fisheries subsector came down with a 5.11 percent reduction in output. It contributed 14.92 percent to the total agricultural output. Lower production levels were noted for the major fish species. At current prices, the subsector grossed P51.9 billion, down by 5.43 percent from the last year's earnings.
On the average, farmgate prices increased by 3.19 percent in the first three (3) months of the year. Price uptrends were observed in the crops and poultry subsectors with respective gains of 5.51 percent and 7.77 percent. On the other hand, price downtrends were recorded in the livestock subsector at 3.27 percent and in the fisheries subsector at 0.33 percent.
See full article at: Performance of Philippine Agriculture