Agriculture production contracts 0.3% in Q1 2022

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Metro Manila (CNN Philippines, May 11) — The Philippine agriculture and fisheries sector shrank by 0.3% in the first quarter of 2022 after a meager growth in the previous quarter, according to Philippine Statistics Authority data released Wednesday.

This rate, measured at constant 2018 prices, represents a slowdown from the 0.5% expansion recorded from October to December last year. However, it is milder than the 3.4% plunge recorded in the first three months of 2021.

All sectors contracted during the period except for poultry, according to the PSA.

Crops, which accounted for 58% of total output, swung to a 1.6% decline from a 2.6% increase in the quarter. Palay and corn production fell by 1.9% and 0.2%, respectively.

Abaca led crops which had the quickest expansion at 14.1%, followed by potatoes at 11.7%. Tobacco suffered the worst decline at 24.1%, followed by sugarcane at 10.1%.

Poultry, the next biggest contributor to agricultural production value, posted a 12.3% expansion which zoomed past the 2.7% growth in the fourth quarter. All subsectors recorded increases from January to March except for ducks, which eased 21.5% year-on-year.

Livestock declined 1%, way softer than the 9.7% plunge it registered in the last quarter of 2021. Dairy production had the highest annual growth at 22.2% while goat production fared worst at -7.5%.

Fisheries also swung to negative territory in the first three months of the year, recording a 5.8% drop compared to a 1.1% jump the previous quarter.

Bisugo (threadfin bream) had the quickest growth at 34.1%, followed by squid at 12.7%. More fish types posted declines during the stretch, with alimango (mudcrab) leading the pack at 24.8% and gulyasan (skipjack) at 20.2%.