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Thursday, April 25, 2024

Agriculture production fell 1.5% in second quarter

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The agriculture and fisheries sector contracted 1.5 percent in the second quarter from a year ago, pulled down by lower livestock production, data from the Philippine Statistics Authority show.

Filipino farmers harvest rice amid the pandemic.  Photo from DA's website

"In the second quarter of 2021, the value of agricultural production at constant 2018 prices decreased by -1.5 percent. This was attributed to the decline in livestock and fisheries production. Meanwhile, production increments were noted for crops and poultry," the PSA said in a statement Monday.

Crops, which accounted for 56.2 percent of the total agricultural production, grew 3.1 percent, with palay and corn harvests increasing 1.2 percent and 6.3 percent, respectively. 

The livestock subsector dropped 19.3 percent, pulled down by hog the 26.2-percent decline in hog production.  Poultry production increased 2.5 percent, with duck, chicken eggs and duck eggs posting output increments. (Tables 2a, 2c, and 3a)

Fisheries sank 1.1 percent, with double-digit declines noted for yellowfin tuna, roundscad, threadfin bream, frigate tuna, fimbriated sardines, skipjack and Bali sardinella.

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The PSA said that at current prices, the value of agricultural production amounted to P503.3 billion in the second quarter.

Meanwhile, the PSA revised the first-quarter gross domestic product performance to -3.9 percent from the preliminary estimate of -4.2 percent.  The PSA will release the second-quarter GDP data Tuesday.

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