Agri Sector Posts 4.19% Growth
Philippine agriculture expanded by 4.19% in the first three quarters of 2008, with the crops subsector, consisting primarily of palay and corn, emerging as the top growth driver for this period, Secretary Arthur Yap said yesterday.
In terms of value, the agriculture sector grew 22.23% higher than its 2007 performance for the same period, grossing P836.3 billion at current prices, Yap said in citing the official report of Director Romeo Recide of the Bureau of Agricultural Statistics (BAS). Yap said the crops subsector, which accounted for 47.73% of the total agricultural output for the January-September period, grew 6.1%, with palay production rising by 7.22% and corn production by 4.86%. The subsector grossed P458.5 billion at current prices or 30.38% higher than the 2007 record for the same period.
With a 13.82% share in agriculture production for the first nine months of 2008, the poultry subsector posted a 4.8% hike in output, mainly due to the increase in chicken yields. In terms of value, poultry registered a 12.03% increase compared to last year’s level, with its output priced at P90.1 billion, Yap said.
















