Philippine agriculture grows 5.3% in Q1

29.05.2017

The Philippine Statistics Authority said the local agriculture sector expanded 5.3% in the first quarter of 2017, mainly due to favourable weather conditions. The crops subsector saw corn production increasing by 23.4% compared to the same period in 2016. The livestock subsector increased 3.2%. Pig production grew 3.5% and was the top contributor to the subsector’s performance.

The poultry subsector contributed 15.4% to total agricultural production, and increased 1.9% compared to the same period for 2016. Average farm prices increased 3.3% in the first quarter of 2017 as compared to the same period in 2016. Livestock prices were higher by 6%. Poultry prices were up 0.3% compared to the same period for 2016.


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