(MANILA BULLETIN FILE PHOTO)
This was due to lower outputs recorded in poultry and livestock, which was badly hit by African Swine Fever (ASF), according to Philippine Statistics Authority (PSA).
PSA data released today, May 10, showed agricultural production of all farm sub-sectors declined, except crops and fisheries.
Despite lower production volume, the first quarter agricultural production at current prices was valued at P 484.8 billion, 8.2 percent higher than the previous year’s level.
Crop production, which shared 58.8 percent of the total agricultural production, went up by 3.3 percent. Increases in production were registered for palay at 8.6 percent and corn at 6.5 percent.
At current prices, the value of crop production amounted to P267.0 billion, up by 7.2 percent this quarter.
Published May 10, 2021, 8:00 AM
The Department of Agriculture (DA) was more preoccupied with bringing down food prices than supporting food production during the first three months of this year, said a Philippine Chamber of Agriculture and Food Inc. (PCAFI) official.
“The government favors more on the consumers’ side rather than on agriculture production, which I think over the long run will perpetuate our dependence on imports,” PCAFI President Danilo V. Fausto said in a text exchange.
Fausto called this “a dangerously wrong policy to leave our food security at the hands of imports rather than make a sincere and focus effort to increase our agricultural productivity and efficiency from our expanding poor rural communities.”
By JON VIKTOR D. CABUENAS, GMA News
Published May 10, 2021 11:57am The Philippines agricultural output contracted by 3.3% in the first three months of the year to mark the second consecutive quarter of declines, the statistics bureau reported Monday. Data released by the Philippine Statistics Authority (PSA) showed that the value of agricultural production fell to P421.448 billion in the first quarter at constant 2018 prices. This compares with the P492.810 billion in the fourth quarter of 2020 (-3.8%) and the P443.602 billion in the same quarter last year (-1.7%). This was due to the reduction in the livestock and poultry production, the PSA said in an accompanying statement.
5/9/2021
MANILA, May 10 (Reuters) - Philippine agricultural output contracted at an annual
pace of
3.3% in the first quarter of the year due to a reduction in
livestock and poultry production, the statistics agency said on
Monday The Southeast Asian country s crops output, which
accounted for
roughly 59% of the agricultural sector s total production, rose
3.3% as the paddy rice harvest increased by 8.6% while corn
posted 6.5% growth, the Philippine Statistics Authority said Livestock production contracted by 23.2%, hit by African
swine
fever outbreaks Poultry output declined 7.4%, while fisheries production
grew
0.6% The government will release first-quarter GDP data on
Tuesday.
Agriculture usually accounts for less than 10% of overall
From baking banana bread to tending to an indoor garden to taking up digital art classes, the past year indoors saw people venturing into new hobbies. For generation Z – those aged 24 and below as of 2021 – financial investment was one of them.
Research by UK bank Halifax found that spare time was the top reason that people from generation Z started investing, as reported by the Financial Times (FT) earlier this month. FT noted that online brokerages were experiencing “record levels of engagement from young, tech-savvy investors raised on YouTube tutorials and Reddit forums.” Raised as digital natives, the barriers to entry for this generation are relatively low given the variety of online resources and convenient platforms already available.