PHL farm output up 1% to P1 trillion in first nine months

^{Chart courtesy of the Bureau of Agricultural Statistics}

Farm production grew by 1.1 percent to P1 trillion in the first nine months of the year, reflecting gains in the livestock, poultry and fisheries subsectors while the crops subsector decreased, the Bureau of Agricultural Statistics (BAS) reported Friday. 

 

“Output gains in the livestock, poultry and fisheries subsectors were noted during the reference period. Production in the crops subsector decreased. 

 

“Gross earnings in agriculture amounted to P1.0 trillion at current prices. This was 1.64 percent higher than last year’s earnings,” the bureau said.

 

“The crops subsector which accounted for 50.57 percent of total agricultural output contracted by 0.85 percent,” the burea noted in a statement.

 

“ Bigger output increments were recorded for corn, pineapple, mango, and tobacco. Palay, coconut, sugarcane, and banana suffered production losses. At current prices, the subsector grossed P550.5 billion or 2.72 percent lower than last year’s record,” it added.

 

Production volume the first three quarters of the year grew at a slower pace than the revised growth rate of 2.23 percent in the comparative period last year on on lower crop production, the bureau said. – VS, GMA News