Performance of Philippine Agriculture, July-September 2017
Agriculture grew by 2.32 percent in the third quarter of 2017.
The sector’s growth was contributed by the production gains in the crops,
livestock and poultry subsectors.
At current prices, gross value of production in agriculture amounted to PhP382.5 billion.
This was 6.27 percent higher than the previous year’s record. In the first nine (9) months of 2017,
agriculture recorded a 4.64 percentgrowth in output.
The crops subsector which shared 46.89 percentin the total agricultural production
expanded by 5.18 percent. Production of palay improved by 14.17 percent
but that of corn declined by 2.74 percent.
Output gains were also noted among the major crops such as
coconut, sugarcane, banana, pineapple, tobacco, peanut, mongo,
cassava, sweet potato, tomato and rubber.
For the third quarter of 2017, the subsector grossed PhP209.8 billion,
up by 7.20 percent from last year’s gross receipts. For the period January to September,
crop production increased by 8.36 percent.
Livestock and Poultry
The fisheries subsector registered a 4.27 percent decline in output.
It shared a 17.40 percent of the total agricultural production in the third quarter of 2017. I
mprovements in production were recorded for tiger prawn, skipjack, yellowfin tuna and seaweed.
The subsector grossed PhP56.7 billionat current prices. This was 3.05 percent higher than last year’s record.
From January to September 2017, the subsector’s output went down by 1.97 percent.
On the average, prices received by farmers went up by 3.86 percent in the third quarter of 2017.
Price increments were higher in the livestock and fisheries subsectors at 13.84 percent and 7.64 percent, respectively.
In the crops subsector, prices grew by 1.92 percent.
Meanwhile, the poultry subsector recorded an average price drop of 7.47 percent.
For the first nine (9) months of 2017, farmgate prices increased by an average of 4.19 percent.