October 2, 2022

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Farm output shrinks in 2nd quarter

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AGRICULTURAL production continued to contract for a second straight quarter, mainly due to lower crops and fisheries output, the Philippine Statistics Authority (PSA) said on Monday.

PSA data showed the value of production in agriculture and fisheries at constant 2018 prices declined 0.6% in the April to June period, worsening from the 0.3% contraction in the first quarter.

However, the pace of contraction slowed from the -1.5% logged in the second quarter of 2021.

At current prices, the value of production in agriculture and fisheries jumped 6.2% year on year to P532.79 billion.

For the six-month period, the value of production in agriculture and fisheries at constant 2018 prices registered a 0.4% decline.

“Crops and fisheries recorded contractions in the value of production. Meanwhile, expansions in the value of livestock and poultry production were noted in the second quarter of 2022,” the PSA said in a report.

Crops, which make up about 55% of the sector’s overall production, declined 2.8%, while fisheries output fell 2.3% in the second quarter.

On the other hand, livestock production rose 2.1%, and poultry expanded 7.8%.

Federation of Free Farmers National Manager Raul Q. Montemayor said agricultural production has been declining since 2020.

“Crops and fisheries in particular have been faring poorly. Palay (unmilled rice) output value and also volume declined despite the billions poured into the sector. The only bright side has been livestock and poultry but they are still in recovery mode and below 2020 levels,” he said in a Viber message.

Crop production saw a 2.8% drop in the second quarter, despite a 0.7% increase in palay production, and 3.3% rise in corn output. This was a reversal of the 3.1% growth in the same period in 2021.

For the first six months of 2022, the value of crop production fell 2.2%.

In the second quarter, higher value of production was seen in mongo (6.4%), sweet potato (4.0%), calamansi (2.3%), coconut (2.0%), bitter…

Neil

2022-08-08 12:34:48

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