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Updated on November 6, 2024 at 10:28 a.m.
The country’s agriculture production declined by 3.7 percent in the third quarter of this year, pulled down by lower palay (unhusked rice) and hog output, according to the Philippine Statistics Authority (PSA).
Article continues after this advertisementIn a report, the PSA said the value of production in agriculture decreased to P397.43 billion from P412.7 billion in the same period a year ago.
FEATURED STORIES BUSINESS BIZ BUZZ: Tesla is coming to town BUSINESS SteelAsia ships P511.24M worth steel bars to Canada BUSINESS Hermosa by Vista Land, making way for the finer things in lifeAccording to the statistics agency, reductions in the values of crops, livestock, and fisheries production caused the sector’s lukewarm performance.
READ: Agricultural output for Q2 down by 3.3% – PSA
Article continues after this advertisement“Undeniably, the combined effects of El Niño and La Niña weighed down palay production, a major contributor to the crop sector, which accounts for more than half of the value of agricultural and fisheries output,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement on Wednesday.
Article continues after this advertisement“We’re implementing changes to the rice cropping calendar and building infrastructure like water impounding dams to mitigate the impact of climate change on the farming sector,” he added.
Article continues after this advertisementCrop production dipped by 5.1 percent to P211.62 billion, headlined by palay which contracted by 12.3 percent.
Livestock output was valued at P61.67 billion, a reduction of 6.7 percent, with hog dropping by 8 percent.
Article continues after this advertisementFisheries production went down by 5.5 percent to end at P55.48 billion.
Only poultry output posted a growth of 5.8 percent, valued at P68.66 billion. Both chicken and chicken eggs registered increases of 6 percent and 6.6 percent, respectively.
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