Intellasia East Asia News – Agricultural sector down anew in Q2

The country’s agricultural and fisheries sector declined for the second consecutive quarter due to lower production of crops and fisheries, government data showed.

Data from the Philippine Statistics Authority (PSA) showed that the value of production in agriculture and fisheries from April to June declined by 0.6 percent to P433.12 billion this year.

The decline is slightly higher than the 0.3 percent contraction in the first quarter, but lower than the 1.5 percent decline recorded in the same period last year.

From January to June, the agricultural output went down 0.4 percent this year, which is lower than the 2.5 percent drop registered last year.

Crops, which accounted for 54.9 percent of the total value of production, decreased by 2.7 percent. This was despite the higher value of production in palay (unhusked rice) and corn.

Reductions were recorded in sugarcane, coffee, tomato, mango, potato, cabbage, pineapple, abaca, tobacco and rubber.

Similarly, fisheries production which accounted for 15.8 percent share of the total contracted by 2.3 percent.

Double-digit decreases were noted in the value of production of tiger prawn (sugpo), blue crab (alimasag), frigate tuna (tulingan), mudcrab (alimango), cavalla (talakitok) and milkfish (bangus).

The decline in the fisheries sector could be attributed to the lack of nutritious feeds, Tugon Kabuhayan convenor and former Bureau of Fisheries and Aquatic Resources director Asis Perez said in a virtual briefing yesterday.

“There are reports of slow growth of fish. Nutritionists had a hard time, saying the fish they are raising are not growing. Growth of fish, particularly aquaculture saw a slowdown,” he said.

On the other hand, the livestock and poultry sector recorded increases in the value of production. Livestock contributed 14.6 percent while poultry accounted for 14.7 percent of the total.

Livestock made a turnaround and posted a 2.1 percent growth in the value of production. In particular, the value of hog production expanded by three percent.

Poultry went up by 7.8 percent as all poultry commodities, except duck, recorded increases in the value of production.

https://www.philstar.com/business/2022/08/09/2201210/agricultural-sector-down-anew-q2

 

Category: Philippines


Print This Post

Source link

Latest

Many Michigan Republicans Don’t Seem Very Into Their Nominee For Governor

WARREN, Mich. — Yes, they’ll vote for her in...

Tax office whistleblower’s case will have national integrity implications

As for Boyle, he would become “a political prisoner”...

Teenagers SHOT while leaving a tavern in KZN

Two teenage boys were shot during a drive-by shooting...

Liga 1 Dihentikan Sepekan Buntut Kerusuhan di Stadion Kanjuruhan Usai Laga Arema FC Vs Persebaya – Tribunnews.com

Laporan Wartawan Tribunnews.com, Alfarizy AF TRIBUNNEWS.COM, JAKARTA - PT Liga Indonesia Baru (LIB) sebagai operator kompetisi Liga 1 2022/2023 akhirnya mengambil keputusan tegas untuk menghentikan...

Hardjuno: Saatnya Hapus Pembayaran Bunga Obligasi Rekap BLBI – Tribunnews.com

TRIBUNNEWS.COM, JAKARTA - Pemerintah harus fokus pada upaya penghapusan semua mata anggaran yang sama sekali tidak berkontribusi pada pengurangan beban pengeluaran masyarakat.  Salah satunya, pos...

Intellasia East Asia News – US aware of N Korean ballistic missile launches, sees no immediate threat-military

<!-- --> The US military is aware of two North Korean ballistic missile launches and has assessed that the incidents do not pose...