Close  

Agriculture posted growth in 2nd quarter

By: - Reporter / @kocampoINQ
/ 05:20 AM August 06, 2020

Despite disruptions in the country’s food supply chain caused by lockdown measures aimed at preventing the spread of COVID-19, the agriculture sector was still able to register a 0.5-percent growth in the second quarter, thanks mainly to the increased demand for staple crops like rice and corn.

Data from the Philippine Statistics Authority showed that farm production rose by 0.5 percent after a contraction of 1.4 percent in the first quarter. Similarly, the value of agricultural produce increased by 4.6 percent to P439.8 billion.

ADVERTISEMENT

The Department of Agriculture saw the latest figures as a welcome surprise, as Agriculture Secretary William Dar said they were expecting a negative performance during the quarter. However, it seemed that only the farm subsector managed to post some gains as livestock and poultry raisers, as well as the fishery subsector, reported decline in value of output.

Crops accounted for 53.7 percent of total agriculture output, with palay and corn registering output gains of 7.1 percent and 15.4 percent, respectively. Relief measures that included the distribution of rice helped boost demand for the staple.

FEATURED STORIES

Demand for meat and fish, fell as most Filipinos were forced to tighten their purses to cope with difficulties arising from the closure of several industries.

The value of livestock and poultry output fell by 7.4 percent and 2.6 percent to P73.8 billion and P55.1 billion, respectively. The value of fish output dipped by 2.6 percent to P73.1 billion.

With Metro Manila and nearby provinces placed under a stricter lockdown again, the modest growth in the second quarter may not be enough to prop up the sector’s whole year performance to achieve the targeted 1.5-percent growth. For the first semester, the industry shrank by 0.35 percent.

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Agriculture, Food Supply
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.