For 3rd consecutive year, farm output shrinks | Jasper Y. Arcalas

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For 3rd consecutive year, farm output shrinks | Jasper Y. Arcalas
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The Philippines’s farm output last year was reduced by 0.1 percent on an annual basis to P1.75 trillion at constant 2018 prices as better livestock and poultry productions offset contractions in crops and fisheries. Know more:

THE Philippines’s farm output last year was reduced by 0.1 percent on an annual basis to P1.75 trillion at constant 2018 prices as better livestock and poultry productions offset contractions in crops and fisheries.

However, this was also the closest performance of the agricultural sector in reaching a positive growth following the 1.7-percent and 1.2-percent contractions in 2021 and 2020, respectively. PSA data showed that livestock output grew by 1.9 percent on an annual basis, the first time in four years that it recorded a positive performance since the devastation caused by African swine fever in domestic hog farms.

Palay production last year declined by 210,000 metric tons to 19.75 million metric tons from the record-high volume 19.96 MMT posted in 2021, PSA data showed. Corn output, likewise, fell by 45,000 MT to 8.255 MMT from 8.3 MMT in 2021.

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