Palay production seen improving by 6% in Q2, PSA says

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Metro Manila (CNN Philippines, July 23) — The country’s production of palay (rice paddy) is estimated to reach 4.12 million metric tons in the second quarter, up 6.85 percent from the same period last year.

The Philippine Statistics Authority said in its latest Palay and Corn estimates report that local palay production in the second quarter of 2019 reached 3.85 million MT.

The current data is also a revision from its initial estimate at 4.11 million MT as of April 1.

This improvement is backed by increase in harvest area by 4.46 percent from 915,320 hectares in 2019, PSA noted. On the other hand, the agency said yield per hectare may increase by about 2 percent from 4.21 MT reported in the second quarter last year.

Corn production, on the other hand, is estimated to reach 1.37 million MT, 16.12 percent higher from the same period in 2019.

According to PSA data, palay production for January to March reached 4.26 million MT, down 3.6 percent year-on-year. On the other hand, corn production reached 2.34 million MT, down 3.4 percent

The Department of Agriculture has launched programs to boost local production of the staple grain. One of these is through the ₱10-billion Rice Competitiveness Enhancement Fund which aims to improve farmers’ production through innovation and upskilling.

As for the industry’s overall performance, agricultural production dropped by 1.2 percent in the first quarter from a slight increase of 0.4 percent in the same period in 2019 due to lower harvests of rice, corn, and fish.

This is considered to be the biggest decline in output since the second quarter of 2019 based on 2018 prices.