The Philippine agriculture industry grew by 1.08 % in the first three months of 2012, bannered by the poultry, livestock and crop subsectors, while fishery production contracted due to conservation measures and high operation costs.
The total value of the country’s agriculture output for the first quarter of 2012 amounted to P341.1 billion at current prices, 3.14% less than last year for the same three-month period.
Together, the production of major crops, livestock and poultry commodities expanded by 2.26%. The three subsectors accounted for 82.4% of the total agriculture industry, while the fishery subsector shred 17.6%.
The livestock subsector recorded a 3.17% gain in production. It accounted for 15.5% of total agricultural output. The growth was mainly attributed to the 3.4% increase in hog production. The hog industry comprised 85% of the livestock subsector, whose total value amounted to P49.86B at current prices.
The poultry subsector, contributing 14% to total agricultural output, expanded by 7%. T
Thursday May 10, 2012/ Philippine Departmento of Agriculture/ Philippines.