Strong agriculture growth in the Philippines
Farm output in the Philippines grew 4.87 percent in
the first nine months of this year, a big jump from the 1.78 percent growth
experienced a year ago, according to the Department of Agriculture.
Growth has slowed slightly from the 6.41 percent experienced in the
The sector accounts for about a fifth of the country's economic output,
according to Secretary of the Agriculture Department
The crops, livestock and particularly fisheries sub-sectors experienced
growth, but the poultry sector had a downturn because of a lack of demand. Local
integrators and poultry raisers voluntarily cut chicken production earlier
during the year because of the drop in demand. Only chicken egg production
recorded a 3.64 percent increase. The value of poultry production reached P31.29
billion (487 million euro).
Producers' prices increased an average of 5.3 percent in the first nine
months of the year. The biggest price gain was registered in the crops subsector
at 9.25 percent. In the poultry subsector, prices were higher by 3.27 percent
from last year's level.
Fishery prices grew an average of 3.81 percent. However, livestock prices
dropped 1.91 percent.
Meanwhile, Bureau of
director Romeo Recide said the agriculture
department was closely monitoring the impact of the El NiÃ±o, or dry weather
phenomenon, which started in the fourth quarter and is expected to continue
until the summer months of 2007 in the western Pacific.
â€œThe impact of the El NiÃ±o
will vary from place to place and from crop to crop.
Some crops will benefit from the dry spell while others will suffer,â€ Recide
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