For 3rd consecutive year, farm output shrinks

THE Philippines’s farm output previous year was decreased by .1 per cent on an yearly basis to P1.75 trillion at regular 2018 costs as improved livestock and poultry productions offset contractions in crops and fisheries.

The benefit of the country’s agricultural output previous calendar year was P1.935 billion lessen than the P1.758 trillion recorded volume in 2021, in accordance to the most current report of the Philippine Stats Authority (PSA).

PSA facts confirmed that this is now the third consecutive yr that the country’s agricultural sector contracted.

Nonetheless, this was also the closest functionality of the agricultural sector in reaching a good advancement following the 1.7-p.c and 1.2-p.c contractions in 2021 and 2020, respectively.

The previous time farm output grew was in 2019 at a rate of merely .3 percent, based on historic PSA information.

Growth in the livestock and poultry subsectors, the details also showed, buoyed the in general overall performance of the agricultural sector as output of crops and fisheries declined calendar year-on-year.

PSA information confirmed that livestock output grew by 1.9 per cent on an once-a-year foundation, the first time in 4 yrs that it recorded a beneficial functionality due to the fact the devastation triggered by African swine fever (ASF) in domestic hog farms.

In the meantime, the poultry field rebounded with 7-p.c development soon after contracting by .3 p.c and 3.5 % in 2021 and 2020, respectively.

The crop subsector fell by 1 % on an annual basis because of to the impression of typhoons on farms and diminished software of planting inputs by farmers mainly because of increased than standard costs. The fisheries subsector, in the meantime, declined by 5 p.c yr-on-yr.

Palay output last 12 months declined by 210,000 metric tons to 19.75 million metric tons (MMT) from the report-substantial quantity 19.96 MMT posted in 2021, PSA details confirmed. Corn output, likewise, fell by 45,000 MT to 8.255 MMT from 8.3 MMT in 2021.

Hog output grew for the to start with time in four a long time, reaching 1.737 MMT previous yr. The volume was 2.4 % larger than the 1.696 MMT recorded output in 2021, centered on PSA information.

Rooster meat production past year also recovered posting a 7-per cent enhance in development. Rooster meat output reached 1.866 MMT compared to the 1.744 MMT recorded in 2021.

At present prices, on the other hand, the value of the country’s agricultural output past year rose by 7.5 % to P2.144 trillion from P1.995 trillion in 2021, according to the PSA.