Agriculture output in the Philippines declines by 3.3% in Q1

Published 2021년 5월 10일

Tridge summary

Despite a 3.3% decline in agricultural production in the first quarter of 2021 due to African Swine Fever, the Department of Agriculture in the Philippines remains committed to achieving a full-year growth target of 2.5%. This targets increases in rice, corn, vegetables, livestock, poultry, and fisheries through the 'Plant, Plant, Plant program'. However, the Philippine Chamber of Agriculture and Food Inc. has expressed concerns, stating that the government's focus on consumer needs over agricultural production could lead to reliance on imports and undermine food security.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In a portent on the GDP (gross domestic product) performance in the first quarter which will be announced today, the country’s agricultural production registered a way bigger decline in the first quarter of this year compared to the same period in 2020, but this didn’t prompt the Department of Agriculture (DA) to let go of its full-year ambitious growth target for the sector. In a text exchange, Agriculture Secretary William Dar said that it is still DA’s “aspiration” to achieve its full-year growth target of 2.5 percent for the agriculture sector, despite the sector’s poor performance from January to March of this year, based on the latest data that Philippine Statistics Authority (PSA) released on Monday. Agricultural production fell by 3.3 percent in the first three months of 2021, which is a bigger decline compared to a 1.7-percent drop recorded during the same period last year. This was due to lower outputs recorded in poultry and livestock, which was badly hit by African ...

Source: Mb