Farm output drops deeper last year

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Farm sector output worsened last year after livestock production declined by double-digits, data from the Philippine Statistics Authority (PSA) showed on Wednesday, Jan. 26.

Farm sector output worsened last year after livestock production declined by double-digits, data from the Philippine Statistics Authority showed on Wednesday, Jan. 26.The PSA reported that the value of the Philippines’ agricultural output shrank by 1.7 percent from January to December 2021, a steeper decline compared with the 1.2 percent contraction registered in the previous year.

Poultry, accounting for 13.4 percent of the total, saw all its sub-sectors such as chicken, duck, and duck eggs go down, except for chicken eggs which expanded by 9.1 percent. In the fourth-quarter, the farm sector production grew by 0.6 percent, ending the industry’s three consecutive quarters of the decline. This is also a reversal of the 3.8 percent slump registered in the final three-months of 2020.

 

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