News

Philippine agriculture output falls 3.3% in Q1

Philippines
Published May 11, 2021

Tridge summary

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.

Original content

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 percent decrease in production amid the prevalence of ASF. It accounted for 14.2 percent of the total agricultural production. Two-digit declines in production were registered for hogs at -25.8 percent and cattle at -10.2 percent. Contractions in production were also posted for carabao by -7.4 percent, goat by -6.7 percent, and dairy by -1.5 percent. At current prices, the value of livestock production which amounted to P82.1 billion was 10.8 percent higher than the ...
Source: Mb
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