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Philippines: agriculture grew by 1.78 percent in the first quarter of 2015

Hog output expanded by 3.77 percent.

Monday 18 May 2015 (3 years 2 months 5 days ago)

Agriculture grew by 1.78 percent in the first quarter of 2015. Improved performances were noted in the crops, livestock and poultry subsectors, but the fisheries subsector posted a decline during the period. At current prices, agriculture grossed P380.1 billion, lower by 1.65 percent than last year’s record.

The livestock subsector which accounted for 15.66 percent of the total agricultural output grew by 3.23 percent during the first quarter of 2015. Except for goat, all components of the subsector registered output increments. Hog output expanded by 3.77 percent. There were notable increases in the number of heads slaughtered in slaughterhouses and there was higher volume of disposition in commercial farms to cater to the demand from Hotels, Restaurants and Institutions (HRIs).  At current prices, the subsector grossed P59.2 billion, or 3.10 percent higher than the 2014 gross earnings.

The livestock subsector grossed P59.2 billion at current prices. All types of animals, including dairy recorded higher gross revenues, thus, the 3.10 percent increase in gross earnings by the subsector. The first quarter of 2015 exhibited improvements in both production and prices which led to higher gross receipts from carabao by 4.97 percent, cattle by 4.08 percent and dairy by 5.95 percent. In the case of hog, gross value of output expanded by 2.87 percent because of increased production.

Thursday May 14, 2015/ BAS/ Philippines.
http://www.bas.gov.ph

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