Philippine Agriculture production increase a 2.20% in growth for the last quarter of 2017 between October to December. These includes the growth in the production of crops, livestock and poultry subsectors.
In contrast to this, fisheries subsectors recorded a 1.18% reduction in the production for the same quarter of 2017.
Lower production levels were noted for tiger prawns, roundscad and skipjack yet subsector’s gross earnings at current prices amounted to Php66.3 billion, up by 7.80% from last year’s record which is Php61.8 billion.
While the crop subsector recorded an increase in production by 2.66% which contributes the 51.20% to the total agricultural output for the year. 4.37% was the recorded increase in the Palay production while that of corn weaken by 5.73%.
Increments were noted in the production of coconut, sugarcane, banana, pineapple, peanut, cassava, sweet potato, eggplant and rubber. In total of the whole year of 2017, 6.69% was the recorded increase growth in production of crops.
In the livestock subsector, a total of 1.84% of output was gained in the fourth quarter of 2017. It is because of the increased 2.75% growth in the Hog production which was the major source of subsector’s growth.
The subsector grossed a total of Php 85.5 billion for the year representing a 14.39% of increase over last year’s record.
Production of poultry had expanded by 4.73% that accounted for about 15.40% of the total agricultural output for the last quarter of 2017.
The poultry subsector’s gross output went up by 4.62%, earning a Php59.3 billion or 15.22% more than the previous year.
On an annual basis, farmgate prices went up by an average of 4.97% in 2017.
Source: Philippine Statistics Authority