Philippines agri recovery noted

-A A +A

Friday, August 15, 2014


THE Department of Agriculture (DA) reported Friday that the country’s agriculture industry is well on its way to sustained recovery after a series of calamities last year as it posted an 11.26-percent growth in terms of value and a 1.81-percent growth in terms of volume for the first half of 2014.

The growth in both value and volume for the period was a marked improvement from the first quarter growth of the year where the farming and fishing industry expanded by just 10.75 percent in terms of value and just more than half a percentage point (.67 percent) in terms of volume.

The growth was driven mainly by resurgent palay, corn and sugarcane subsectors as well as better farm gate prices.

Advertisement

According to the DA’s Bureau of Agricultural Statistics (BAS), the farming and fishing industry grossed P776.5 billion at current prices from January to June of this year, as compared to P 697.9 billion posted in the same period a year ago.

Prices received by farmers and fishers also went up by an average of 9.28 percent.

The DA said that palay, corn and sugarcane recovered from last year’s slump, boosting overall value of crops by 18.31 percent in terms of value, and 3.68 percent in terms of volume.

The crops subsector accounted for half of the total agricultural production.

BAS data showed that palay harvests reached 8.38 million metric tons during the period, 4.78 percent higher than last year’s 7.99 million metric tons.

The growth was attributed to the increase in the harvest area and yield in the Ilocos Region, Cagayan Valley, Central Luzon and Soccsksargen.

BAS also noted that the presence of better irrigation services along with higher palay prices encouraged farmers to plant more, notably in Ilocos and Central Luzon.

Likewise, corn output grew by 4.7 percent - from 3.32 million tons to 3.48 million tons - as substantial production increases were recorded in Cagayan Valley, Central Luzon and Soccsksargen.

Value of corn harvests climbed to 9.17 percent, from P41.3 billion in January to June last year to P45.1 billion in the first half of 2014.

According to BAS, corn farmers recovered from the 4.2 percent decline in their output in the same period last year.

It said more farmers were encouraged to plant due to high farm gate price as well as the DA’s implementation of early cropping programs for growers affected by weather disturbances which made available production assistance to farmers such as seeds and affordable loan packages. (PNA)

Published in the Sun.Star Cagayan de Oro newspaper on August 16, 2014.

Business

DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules: Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent and respectful. Do not shout or use CAPITAL LETTERS!

Today's front page

Sun.Star Cagayan de Oro's front page for October 25, 2014

Other front pages

Sun.Star Jobs
  • Calamity Report
  • Philippine Polls
  • Sun.Star Zup!
  • Sunstar Multimedia
  • Pacman blog
  • SunStar Celebrity
  • tell it to sunstar
  • Filipino Abroad
  • goodearth
  • Pnoy
  • Obituary
  • Habemus Papam
  • ePaper
  • Festivals
  • Technology
  • Sinulog