Agri-fisheries output falls by 1.3% in Q2–PSA

“The value of palay production increased by 1.1 percent, while corn declined by -0.8 percent.”

The livestock subsector also saw a slight increase at 0.7 percent in April to June. Its output was valued at P63.5 billion or 14.8 percent of the total value of agri production.

“Hog, the major contributor to the value of livestock production, increased by 1 percent.”

At current prices, PSA said the value of production in agriculture and fisheries amounted to P551.50 billion or an annual growth of 3.4 percent.

Last May, the PSA reported that agriculture and fisheries output grew by 2.1 percent year-on-year to P428.69 billion.

PSA said the value of agriculture and fisheries production at constant 2018 prices fell by 1.3 percent yearon-year to P427.69 billion.

“This was attributed to the reduction in the value of fisheries production. Meanwhile, crops, livestock, and poultry posted increments in the value of production.”

According to PSA, the fisheries subsector recorded a 14.2-percent contraction in the value of its output which reached P58.81 billion in the second quarter. It contributed 13.8 percent to the total value of production in agriculture and fisheries.

“All fish species, except tiger prawn [sugpo] and roundscad [galunggong] posted contractions in