{"id":7882,"date":"2025-01-28T22:07:52","date_gmt":"2025-01-28T21:07:52","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=7882"},"modified":"2025-01-28T22:07:52","modified_gmt":"2025-01-28T21:07:52","slug":"2024-sees-a-2-2-dip-in-agricultural-production","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/28\/2024-sees-a-2-2-dip-in-agricultural-production\/","title":{"rendered":"2024 Sees a 2.2% Dip in Agricultural Production"},"content":{"rendered":"<p><\/p>\n<p class=\"p2\">By <b>Adrian H. Halili, <\/b><i>Reporter <\/i><\/p>\n<p class=\"p4\"><span class=\"s2\">THE PHILIPPINES\u2019 agricultural <\/span><span class=\"s3\">production declined by an unprecedented 2.2% in 2024, as agricultural output persisted in its downward trend in the last quarter.<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">Information from the Philippine Statistics Authority (PSA) indicated that the value of production in agriculture and fisheries at constant 2018 rates fell by 2.2% to P1.73 trillion, marking a reversal from the 0.4% increase achieved in 2023.<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">The 2024 figure was below the Department of Agriculture\u2019s (DA) projected growth target of 1-2%.<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\"><a title=\"Performance of Philippine Agriculture Q4 and Full-Year 2024\" href=\"https:\/\/www.flickr.com\/photos\/142608056@N02\/54292706806\/in\/dateposted\/\" data-flickr-embed=\"true\"><\/a>The poor performance of the agricultural sector last year was primarily attributed to the decline in crop (-4.2%), livestock (-4.3%) and fishery production (-1.1%). Conversely, poultry production experienced a rise of 6.6%.<\/span><\/p>\n<p class=\"p5\"><span class=\"s5\">In the fourth quarter, the value of agricultural production declined by 2.2% to P483.58 billion, reversing from a 0.9% increase recorded a year before.<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">Nonetheless, this represented the third consecutive quarter of decline, albeit at a slower rate compared to the 3.6% drop observed in the July-to-September timeframe.<\/span><\/p>\n<p class=\"p5\"><span class=\"s2\">At current prices, the value of agricultural and fisheries production increased by 0.4% year-on-year to P663.06 billion in the fourth quarter.\u00a0<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">\u201cThe 2.2% decrease in Philippine agriculture for 2024 was due to several challenges. El Ni\u00f1o in the first half and La Ni\u00f1a in the fourth quarter disrupted the production of crops, livestock, and fisheries,\u201d said Marie Annette Galvez-Dacul, Executive Director of the University of Asia and the Pacific (UA&#038;P) Center for Food and Agribusiness, in a Viber message.<\/span><\/p>\n<p class=\"p5\"><span class=\"s2\">During the first half of 2024, the country experienced below-normal rainfall conditions attributed to El Ni\u00f1o, which was followed by La Ni\u00f1a bringing <\/span><span class=\"s6\">a<\/span><span class=\"s2\"> series of storms that devastated various agricultural regions.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cThe drop in agricultural output in 2024 is the result of a combination of factors, which include the effects of El Ni\u00f1o and La Ni\u00f1a, typhoons and flooding, as well as a lack of technical support at the local level,\u201d stated former Agriculture Secretary William D. Dar in a text message.<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">El Ni\u00f1o, which commenced in June 2023, caused extended periods of reduced rainfall, dry spells, and drought conditions. The state weather agency announced its conclusion in June 2024. <\/span><\/p>\n<p class=\"p5\"><span class=\"s5\">Conversely, La Ni\u00f1a conditions are anticipated to persist until the conclusion of the first quarter. <\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">\u201cThe primary cause of the (contraction) stemmed from the damages reported from El Ni\u00f1o, along with the series of typhoons from La Ni\u00f1a, other plant and pest diseases, volcanic eruptions, and additional weather events,\u201d said DA spokesperson Arnel V. de Mesa during a media briefing.<\/span><\/p>\n<p class=\"p5\"><span class=\"s5\">According to the DA, total agricultural damage from these occurrences amounted to P57.78 billion, with a total volume loss of 2.18 million metric tons (MT) affecting 993,823 hectares of farmland. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Raul Q. Montemayor, National Manager of the Federation of Free Farmers, noted that the decline had been anticipated due to the natural disasters and animal diseases impacting the agricultural sector. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cIt also highlights the sector\u2019s lack of resilience \u2014 sluggish growth during normal conditions, but susceptible when disasters and disruptions occur,\u201d he remarked.<\/span><\/p>\n<p class=\"p7\"><span class=\"s3\"><b>CROPS, LIVESTOCK<br \/>\n<\/b><\/span><span class=\"s3\">Crop yields, which comprised over half of the total agricultural output, fell 3.1% in the October-to-December timeframe, marking a contrast to the 0.3% growth a year earlier.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">For the entire year, crop production decreased by 4.2%, reversing the 0.8% rise registered in 2023.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Former Agriculture Undersecretary Fermin D. Adriano remarked in a Viber message that crop yields were significantly affected by El Ni\u00f1o and La Ni\u00f1a.\u00a0<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">PSA statistics indicated that palay, or unmilled rice production, dropped by 0.1% in the fourth quarter compared to the 0.2% gain a year prior. In 2024, palay output plummeted by 5%, reversing a 1.5% increase in 2023.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Palay production volume decreased by an annual 4.84% to a four-year low of 19.09 million MT in 2024, the weakest output since the 19.29 million MT recorded in 2020. <\/span><\/p>\n<p class=\"p5\"><span class=\"s5\">In the fourth quarter, corn production declined by 0.6%, recovering from a 1.8% decrease a year earlier. For the entire year, corn yields fell by 3.2%, marking a turnaround from the 1.8% growth in 2023.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Other crops witnessing double-digit reductions in the fourth quarter included mongo (-48.2%), sugarcane (-23.5%) and onion (-11.1%).<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">PSA data indicated that livestock production experienced a decline of 6.2% in the fourth quarter, reversing a 2.7% increase a year ago. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">For 2024, livestock yields decreased by 4.3%, contrasting with the 2.5% growth from the previous year.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">In the fourth quarter, declines were reported in hogs (-7.3%), goats (-4.1%) and cattle (-2.7%). <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Conversely, dairy production increased by 4.8%, slowing from a 16.4% growth a year earlier. <\/span><\/p>\n<p class=\"p5\"><span class=\"s6\">In a Viber message, National Federation of Hog Farmers, Inc. (NatFed) Vice-Chairman Alfred Ng mentioned that the effects of the African Swine Fever (ASF) on hog production adversely impacted the livestock sector, with hogs forming 14.6% of total livestock output.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cNumerous farmers sold their pig inventory prior to ASF reaching their livestock. Some have refrained from restocking for fear of the disease recurrence, while others are awaiting results from monitored vaccine trials,\u201d he added. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Mr. Ng noted that increased rainfall and flooding due to La Ni\u00f1a led to a rise in ASF cases \u201cas pathogens from shallow graves of previous pig mortalities may have resurfaced and infected the animals.\u201d<\/span><\/p>\n<p class=\"p7\"><span class=\"s3\"><b>FISHERIES<br \/>\n<\/b><\/span><span class=\"s6\">Meanwhile, fishery output fell by 2.1% in the fourth quarter, a less severe decline than the 5.3% recorded a year earlier. For 2024, fishery production decreased by 1.1%, a slowdown compared to the 6.6% plunge in 2023. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">During the October-to-December period, substantial declines were noted in the production of<span class=\"Apple-converted-space\">\u00a0 <\/span>mudcrab or <i>alimango<\/i> (-28.9%), cavalla or <i>talakitok<\/i> (-24.9%), big-eyed scad or <i>matangbaka <\/i>(-20.6%), Indian mackerel or <i>alumahan<\/i> (-20%), skipjack or <i>gulyasan<\/i> (-19.1%), slipmouth or <i>sapsap<\/i> (-17.7%), frigate tuna or <i>tulingan<\/i> (-17%), yellowfin tuna (15%),<span class=\"Apple-converted-space\">\u00a0 <\/span>round scad or <i>galunggong <\/i>(-14.3%), seaweed (-12.7%), and squid (-12.4%).<\/span><\/p>\n<p class=\"p5\"><span class=\"s4\">On the other hand, increases in production were reported for P. Vannamei (59.4%), milkfish or <i>bangus <\/i>(10.9%), blue crab or <i>alimasag<\/i> (7.2%), threadfin or <i>bisugo<\/i> (4%), and bigeye tuna (0.1%).<\/span><\/p>\n<p class=\"p5\"><span class=\"s6\">Mr. Adriano indicated that the drop in fishery output could also be linked to \u201cclimatic factors\u201d and the sluggish progress of the country\u2019s aquaculture sector. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cThe imposition of closed fishing seasons is essential, hence the necessity to boost investments in aquaculture,\u201d Mr. Dar remarked.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Closed fishing seasons are designated in specific areas to assist fish populations in their regeneration, as mandated by Republic Act No. 8550 or the Fisheries Code. Usually, these closures last for three months.<\/span><\/p>\n<p class=\"p7\"><span class=\"s3\"><b>POULTRY<br \/>\n<\/b><\/span><span class=\"s3\">The PSA noted that poultry production increased by 6.1% in the fourth quarter, decelerating from 7.8% growth a year prior. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">For the entire year, poultry output rose by 6.6%, surpassing the 3.8% growth observed in 2023.\u00a0<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Production surged for chicken (5%), chicken eggs (9.8%) and duck (0.3%), while duck eggs declined by 3.1%. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cThe poultry subsector managed to progress due to the efforts and investments from the private sector, including medium-sized enterprises. There was a faster turnaround in poultry management,\u201d Mr. Dar stated.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">Ms. Dacul from UA&#038;P remarked that growth in the poultry sector was primarily driven by heightened demand and shortened production cycles.<\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">\u201cThe poultry industry is still in recovery mode, as long as they manage to control diseases, the sector will continue to grow. However, excessive imports could hinder this growth trajectory,\u201d Mr. Montemayor warned. <\/span><\/p>\n<p class=\"p5\"><span class=\"s3\">The agricultural sector contributes approximately 10% to the country&#8217;s gross domestic product (GDP) and supports about a quarter of all employment opportunities. The PSA is set to publish fourth-quarter GDP figures on Jan. 30 (Thursday).<\/span><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/top-stories\/2025\/01\/29\/649650\/2024-farm-output-shrinks-2-2\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adrian H. Halili, Reporter THE PHILIPPINES\u2019 agricultural production declined by an unprecedented 2.2% in 2024, as agricultural output persisted in its downward trend in the last quarter. Information from the Philippine Statistics Authority (PSA) indicated that the value of production in agriculture and fisheries at constant 2018 rates fell by 2.2% to P1.73 trillion,<\/p>\n","protected":false},"author":3,"featured_media":7883,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1047],"class_list":["post-7882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-2024-farm-output-shrinks-2-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2024 Sees a 2.2% Dip in Agricultural Production - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/01\/28\/2024-sees-a-2-2-dip-in-agricultural-production\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 Sees a 2.2% Dip in Agricultural Production - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"By Adrian H. Halili, Reporter THE PHILIPPINES\u2019 agricultural production declined by an unprecedented 2.2% in 2024, as agricultural output persisted in its downward trend in the last quarter. 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