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Performance of Philippine Agriculture

January-September 2014

Agriculture posted a 0.33 percent growth in the first nine (9) months of the year. Despite the considerable damages caused by Typhoons "Glenda", "Luis" and "Mario" during the months of July and September, the crops and livestock subsectors came up with output increments. However, the poultry and fisheries subsectors contracted during the period. Overall, the sector grossed P1.1 trillion at current prices. This was 9.55 percent more than last year's gross receipts.

The crops subsector grew by 1.20 percent. It contributed 51.03 percent to total agricultural output. Slower production gains were noted for palay and corn at 0.41 percent and 0.07 percent, respectively. Improved growth records were registered by sugarcane, mango, tobacco and onion. At current prices, the subsector's gross value of output amounted to P633.7 billion or 14.95 percent higher than last year's record.

The livestock subsector which shared 16.11 percent in total agricultural production expanded by 1.05 percent. Hog was the subsector's source of growth. Gross earnings amounted to P176.9 billion at current prices. This registered a 6.06 percent increase from last year's gross receipts.

Production of the poultry subsector declined by 0.74 percent. It accounted for 14.85 percent of the total agricultural output. Production increments were noted for chicken and duck while there was contraction in egg production. The subsector grossed P138.0 billion at current prices or 7.60 percent more this year.

The fisheries subsector which contributed 18.01 percent to total agricultural output went down by 1.80 percent. Except for skipjack, all species recorded reduced production. At current prices, the subsector's gross value of output amounted to P176.9 billion. This indicated a 2.30 percent drop from last year's gross receipts.

On the average, prices of agricultural commodities increased by 9.19 percent in the first nine (9) months of the year. Average price increases were higher in the crops and poultry subsectors at 13.59 percent and 8.40 percent, respectively. The livestock subsector posted an average price increment of 4.96 percent. On the other hand, the fisheries subsector recorded an average price decline of 0.50 percent.