• Farm sector manages 0.04% growth in Q3

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    Agriculture managed to post 0.04 percent growth in July to September, rebounding from a 0.37-percent contraction in the second quarter, as    gains in the poultry, livestock and fisheries sub-sectors offset weather-related crop losses.

    In the year to date, farm sector growth hit 0.65 percent, the Philippine Statistics Authority reported on Friday. The third-quarter report was released ahead of the announcement of gross domestic growth figures later this month.

    Gross value of production at constant prices was P164.05 billion, compared with P164.12 billion a year earlier, PSA data showed. At current prices, this was P336 billion, 3.23 percent lower compared with last year.

    The crops sub-sector, which accounted for 44.54 percent of total agricultural production, saw growth decline by 4.86 percent in the third quarter.

    “While improvements in production were noted for banana, pineapple, mango, abaca, cassava, camote, eggplant and calamansi, palay and corn production were heavily affected by hot weather conditions and typhoons,” the PSA said.

    Palay output was pegged at 2.6 million metric tons, down by 15.71 percent from the same period a year ago. Significant reductions were noted in the volume of production, harvest areas and yield as a result of unrealized plantings due to inadequate irrigation water, late occurrence of rains and some areas being left fallow.

    The PSA also noted that typhoons “Egay” and “Ineng” caused damages in production areas in the Cordillera Administrative Region, Cagayan Valley and Western Visayas. There were also reports of damages to palay farms because of pest infestation in the province of North Cotabato.

    For corn, production was pegged at 2.4 million MT in the third quarter of 2015, or 1.70 percent drop from last year as farm yield suffered from the adverse effects of typhoons Egay, Hannah  and Ineng.

    In the Bicol Region, Western Visayas, Central Visayas, Davao and Caraga, harvest areas were reduced due to insufficient water supply and hot weather conditions during planting time.

    The livestock sub-sector, which accounted for 18.45 percent of total agricultural production, grew by 3.25 percent during the period.

    All components posted increases, with growth of 3.76 percent making hogs the major contributor.

    Production in the poultry sub-sector, meanwhile expanded by 8.76 percent. It contributed 17.23 percent to the farm output.

    For its part, the fisheries sub-sector managed to grow by 1.80 percent, contributing 19.78 percent to total agricultural production. Production increments were recorded for milkfish, tilapia, tiger prawn, skipjack, yellowfin tuna and seaweed.

    Average farmgate prices went down by 3.27 percent during the reference quarter. Prices were notably lower for crops, livestock and poultry subsectors.

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