Philippine agriculture output falls 3.3% in Q1

Published 2021년 5월 10일

Tridge summary

The Philippines saw a 3.3% decrease in agricultural production in the first quarter of 2021, a larger drop compared to the same period last year, primarily due to a significant decline in poultry and livestock production caused by African Swine Fever. Despite this, the overall value of agricultural production, excluding fish, increased by 8.2% from the previous year, driven by a rise in crop production. Fisheries production slightly increased by 0.6%. However, the value of livestock and poultry production showed positive growth despite the production declines. The country's total farm output, which contracted by 1.2% in 2020, experienced fluctuation throughout the year with a more pronounced decrease in the fourth quarter.

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

Original content

The Philippines’ agricultural production fell by 3.3 percent in the first three months of 2021, a bigger decline compared with a 1.7-percent drop during the same period last year. This was due to lower outputs recorded in poultry and livestock, which was badly hit by African Swine Fever (ASF), according to Philippine Statistics Authority (PSA). PSA data released today, May 10, showed agricultural production of all farm sub-sectors declined, except crops and fisheries. Despite lower production volume, the first quarter agricultural production at current prices was valued at P 484.8 billion, 8.2 percent higher than the previous year’s level. Crop production, which shared 58.8 percent of the total agricultural production, went up by 3.3 percent. Increases in production were registered for palay at 8.6 percent and corn at 6.5 percent. At current prices, the value of crop production amounted to P267.0 billion, up by 7.2 percent this quarter. Livestock, on the other hand, posted a -23.2 ...

Source: Mb