Agriculture produced 1.10 percent more output in the first nine (9) months of 2013. Output gains in the livestock, poultry and fisheries subsectors were noted during the reference period. Production in the crops subsector decreased. Gross earnings in agriculture amounted to P1.0 trillion at current prices. This was 1.64 percent higher than last year’s earnings.
The crops subsector which accounted for 50.57 percent of total agricultural output contracted by 0.85 percent. Bigger output increments were recorded for corn, pineapple, mango, and tobacco. Palay, coconut, sugarcane, and banana suffered production losses. At current prices, the subsector grossed P550.5 billion or 2.72 percent lower than last year’s record.
The livestock subsector which shared 16.01 percent in the total agricultural output grew by 1.89 percent in the first nine (9) months of 2013. Hog production went up by 2.16 percent while cattle and dairy output increased by 1.54 percent and 5.16 percent, respectively. The subsector’s gross value of output amounted to P166.8 billion at current prices. This represented a 10.67 percent expansion from last year’s level.
The poultry subsector which contributed 15.00 percent to total agricultural production expanded by 4.31 percent. All components recorded output increments except for duck. At current prices, the subsector grossed P128.2 billion, higher by 5.35 percent than the 2012 earnings.
The fisheries subsector recovered from last year’s slump and came up with a 3.38 percent production increase during the period. It shared 18.42 percent in the total agricultural output. Bigger output gains were noted for roundscad, skipjack and yellowfin tuna. The subsector grossed P181.7 billion at current prices, up by 5.45 percent from last year’s record.
On the average, farmgate prices in the first nine (9) months of 2013 inched up by 0.54 percent. Prices in the crops subsector decreased by an average of 1.89 percent. The livestock subsector enjoyed an average price gain of 8.62 percent. The poultry and fisheries subsectors posted average price increases of 1.00 percent and 2.01 percent, respectively.