PH agri productivity lowest in Asean
The Philippines has been underperforming in agriculture productivity in the Asean region.
Data presented by former Agriculture Secretary Dr. William Dar during a roundtable discussion on the future of Philippine agriculture showed the country’s dismal performance.
From 1961-2012, data showed that the annual growth rate in agri productivity in the Philippines was only at 2.87 percent, the lowest among Asean countries.
Comparatively, neighboring countries showed better performance with 3.73 percent of Indonesia, 4.10 percent of Malaysia, 3.21 percent of Thailand, 3.67 percent of Myanmar, 4.16 percent of Vietnam, and 4.32 percent of China.
In terms of the agri exports, the Philippines again posted dismal rates compared to five other Asean countries.
In 2014, the Philippine agri food exports reached $6.7 billion compared to $38.8 billion of Indonesia, $26.2 billion of Malaysia; $38.4 billion of Thailand and $24.8 billio nof Vietnam.
In 2014, the Philippines had only two agri export products that brought in morenthan $1 billion. These are coconut oil, $1.3 billion and banana, $1.1 billion.