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Aug 15, 2016 @ 2:42

DA expects negative Q2 agri output due to El Niño

Ahead of its official release of report, DA already said that El Niño would likely take its toll on the second quarter output.

DA officials cited the effects of El Niño to locally gown crops during second quarter, signaling another contraction when the agricultural output report is announced today, Business World reported.

Agriculture analysts explained that another negative quarter may be enough to push output into the red on a full year basis, though they said that any positive gains in the balance of the year will rest on the severity the wet season with La Niña setting in.

DA chief Manny Piñol told BusinessWorld that he is expecting a recovery towards the end of the year with a probable surplus harvest for corn and rice.

“I would assume second quarter gross domestic product for agriculture is really low,” he told BusinessWorld “That’s coming off negative 4% in the first quarter.

He also added that overdue planting due to the lack of irrigation as an effect of the drought season will play a role in weighing down the total output for the period, with parts of the Cagayan Valley and Mindanao among the heavily affected.

However, BusinessWorld said that the DA secretary would not give a range of estimates for second-quarter output.



 

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