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Philippine: Agriculture sector grows

The agriculture sector grew 6.27 percent in the third quarter this year compared to the same period last year, with farmers’ income rising 3.68 percent from July to September.

Thursday 21 December 2017 (11 months 27 days ago)
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Agriculture Secretary Emmanuel F. Piñol, citing an official report from the Philippine Statistics Authority (PSA), said the agriculture sector also grew 4.64 percent in the first nine months of the year compared to the same period in 2016.

Farmers’ incomes for the first nine months likewise rose 4.19 percent compared to the same period last year, the DA Secretary added.

In its report, the PSA noted that production in the livestock subsector inched up by 0.91 percent during the third quarter of 2017, accounting for 18.37 percent of total agricultural output during the period.

The livestock subsector grossed PhP 68.9 billion at current prices. All livestock components contributed to the 14.88 percent gain in the gross earnings of the subsector. Better prices combined with higher production pushed up th e gross earnings from hog by 16.49 percent, carabao by 11.98 percent, goat by 9.42 percent and cattle by 4.69 percent. The same reason was cited for the 7.07 percent increase in the gross value of dairy production .

The poultry subsector also grew by 3.41 percent during the July-September period, with chicken and chicken egg production rising by 2.52 percent and 7.67 percent, respectively. Pinol said this showed the resiliency of the poultry industry despite the recent bio-hazard threat it faced during the second quarter of 2017.

The fisheries subsector was the only subsector to register a decline in production during the three-month period, diving by 4.27 percent but still accounting for 17.4 percent of total agricultural production for the third quarter of 2017.

Wednesday November 22, 2017/ Department of Agriculture/ Philippines.
http://www.da.gov.ph

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