• The Financial District

AGRICULTURE GROWS BY 0.5 PERCENT

Agriculture managed to grow by 0.5 percent in the second quarter of 2020. Production in crops and fisheries recorded increases while livestock and poultry posted declines.

Crops registered a 5.0 percent growth in production. It shared 53.7 percent of the total agricultural output. Production went up for palay by 7.1 percent and corn by 15.4 percent.


Livestock production, which accounted for 17.3 percent of the total agricultural output, contracted by 8.5 percent. Hog production declined by 5.2 percent.


Poultry decreased by 4.7 percent in output. It contributed 13.0 percent to total agricultural production. Production was down for chicken by 7.8 percent.


Fisheries production grew by 0.9 percent, and it shared 16.0 percent in the total agricultural output. Major fish species such as Bali sardinella, skipjack, and roundscad posted output increments at 45.7 percent, 19.6 percent, and 18.6 percent, respectively.


At current prices, the value of agricultural production amounted to PhP 439.8 billion. This was 4.6 percent higher than the previous year’s level.


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