Agriculture continued to be a laggard among the major economic sectors, based on the National Income Accounts (NIA) of the Philippines for the second quarter. According to the Philippine Statistics Authority, which publishes the NIA, Agriculture, forestry, fishing (AFF) grew by a measly 0.2 percent in April to June, lower…
Agriculture continued to be a laggard among the major economic sectors, based on the National Income Accounts of the Philippines for the second quarter. According to the Philippine Statistics Authority, which publishes the NIA, Agriculture, forestry, fishing grew by a measly 0.2 percent in April to June, lower than the 2.1 percent of Industry and the 6 percent of Services. Minus forestry, agriculture and fisheries output even contracted by 1.3 percent during the period.
In terms of volume, the production of almost all marine species registered declines during the second quarter, based on PSA data. Of the marine species monitored by the PSA in the second quarter, only tiger prawn and roundscad posted increases of 0.9 percent and 30.1 percent, respectively. The output of tilapia and milkfish or bangus, which are some of the most popular fish species consumed by Filipinos, contracted by 4.6 percent and 19.1 percent, respectively.
Also, the output of corn, sugarcane and popular vegetables like cabbage, eggplant, and mongo were lower, based on PSA data. Among the crops monitored, sugarcane recorded the steepest decline at 11.3 percent while corn—the second most important crop—contracted by 0.8 percent. The production of chicken eggs, the cheapest source of protein, fell by 2.1 percent, while hog output grew by only 1 percent.
Because of the dismal performance of agri-fisheries, AFF contributed a measly 0.01 percentage point to the country’s production of goods and services in the second quarter. This contribution, just like the 4.3 percent GDP posted during the period, disappointed not only experts and economists, but also government officials.
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