For 3rd consecutive year, farm output shrinks

THE Philippines’s farm output past yr was minimized by .1 percent on an annual basis to P1.75 trillion at regular 2018 price ranges as better livestock and poultry productions offset contractions in crops and fisheries.

The value of the country’s agricultural output past 12 months was P1.935 billion reduce than the P1.758 trillion recorded quantity in 2021, in accordance to the newest report of the Philippine Data Authority (PSA).

PSA knowledge showed that this is now the 3rd consecutive 12 months that the country’s agricultural sector contracted.

Nonetheless, this was also the closest overall performance of the agricultural sector in reaching a constructive growth following the 1.7-per cent and 1.2-% contractions in 2021 and 2020, respectively.

The final time farm output grew was in 2019 at a price of just .3 per cent, dependent on historical PSA data.

Development in the livestock and poultry subsectors, the information also confirmed, buoyed the overall overall performance of the agricultural sector as output of crops and fisheries declined yr-on-year.

PSA details confirmed that livestock output grew by 1.9 % on an once-a-year basis, the very first time in 4 decades that it recorded a positive performance considering the fact that the devastation caused by African swine fever (ASF) in domestic hog farms.

Meanwhile, the poultry marketplace rebounded with 7-per cent progress soon after contracting by .3 percent and 3.5 per cent in 2021 and 2020, respectively.

The crop subsector fell by 1 p.c on an yearly basis owing to the affect of typhoons on farms and lessened application of planting inputs by farmers because of higher than common fees. The fisheries subsector, meanwhile, declined by 5 per cent yr-on-calendar year.

Palay production previous year declined by 210,000 metric tons to 19.75 million metric tons (MMT) from the history-large quantity 19.96 MMT posted in 2021, PSA knowledge showed. Corn output, furthermore, fell by 45,000 MT to 8.255 MMT from 8.3 MMT in 2021.

Hog output grew for the to start with time in 4 many years, achieving 1.737 MMT final 12 months. The quantity was 2.4 % greater than the 1.696 MMT recorded output in 2021, dependent on PSA information.

Rooster meat production last yr also recovered publishing a 7-percent maximize in advancement. Rooster meat output arrived at 1.866 MMT in comparison to the 1.744 MMT recorded in 2021.

At present prices, nonetheless, the worth of the country’s agricultural output last yr rose by 7.5 p.c to P2.144 trillion from P1.995 trillion in 2021, according to the PSA.