Agriculture sector grows at flat rate in Q2
Philippine Statistics Authority (PSA) said the agriculture sector increased only by 0.07 percent in the second quarter of 2018 after crops and fisheries subsectors recorded declines in output.
From January to June 2018, agriculture recorded a 0.58 percent growth in production.
At current prices, the total gross earnings of combined crops, livestock, poultry and fisheries subsectors amounted to P447.2 billion. This was 5.55 percent higher than the previous year’s record.
The crops subsector particularly registered a 2.08 percent reduction in output. It accounted for 49.65 percent of the total agricultural production.
Palay and corn production decreased by 1.44 percent and 3.42 percent, respectively, while increases were noted among the major crops such as coconut, banana, pineapple, mongo, tomato, garlic, eggplant and rubber.
The subsector grossed P241.9 billion at current prices, representing a 4.06 percent increase from the previous year’s level. In the first six months of 2018, crop production decreased by 0.44 percent.
The livestock subsector, on the other hand, grew by 1.88 percent. It shared 16.67 percent in the total agricultural output. Hog production was up by 2.81 percent.
Production in the poultry subsector also expanded by 5.14 percent. It accounted for 16.83 percent of the total agricultural output.
Except for duck, all components of the subsector registered gains in production.
The fisheries subsector however contracted by 0.05 percent. It contributed 16.85 percent to the total agricultural production.