Agricultural commodity prices continue to rise in Q1 2021

The producer price index for agriculture increased to 8.2% in the first quarter of 2021, data from the Philippine Statistics Authority showed.

The PPI for agriculture is a measurement of “the average changes in average farmgate prices of a basket of goods relative to a base period.” “A higher double-digit annual increment of 44.5 percent was recorded in the index of livestock during the quarter. Likewise, the index of poultry also posted a double-digit annual growth of 12.5 percent in the first quarter of 2021,” the PSA said.

Meanwhile, PPI for fishery continues to drop, reaching -16% in the first quarter of 2021 from -2.3% in the same period last year.

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