Philippines: agri posts 1.9% growth

The country’s agriculture sector grew by 1.93 percent (%) during the first nine months of the year, with a total value of P956 billion at current prices.

Monday 19 November 2012 (5 years 6 months 6 days ago)

The country’s agriculture sector grew by 1.93 percent (%) during the first nine months of the year, with a total value of P956 billion (B) at current prices.

Agriculture Secretary Proceso J. Alcala said the modest growth was bannered by the crops, livestock and poultry subsectors, citing estimates by the DA’s Bureau of Agricultural Statistics (BAS), during a media briefing at the sidelines of the 9th National Organic Agriculture Congress in Cebu City.

The crops subsector, which accounted for 50.7% of total output, increased by 3.33%, as palay (paddy rice) and corn production grew by 6.9% and 7.5%, respectively, during the first nine months of 2012 versus the same period last year.

The livestock subsector, which shared 15.6% to total agricultural output, grew by 0.86%, with a gross value of P150.9B. The poultry subsector continued to post positive gains at it further increased by 4.6%, with a total production worth P121.7B. The sector contributed 14.3% to total output during the first nine months of 2012.

Tuesday November 6, 2012/ Department of Agriculture/ Philippines.
http://www.da.gov.ph/

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