Author: Jasper Y. Arcalas
Any views expressed in this article are those of the author and not of Philippine Statistics Authority.
FARM output in the first three months was seen to pace some 1 percent slower due to seasonality and high base reference, with the crops subsector still leading the increment.
Agriculture Secretary Emmanuel F. Piñol said he expects the value of agriculture production in the January-to-March period to post a “modest” growth amid higher prices of agricultural commodities.
“We expect a modest growth in the first quarter for agriculture, especially since prices of agricultural commodities have really improved,” Piñol told reporters on Monday. “I always believe that profitability is the best motivation for productivity.”
Piñol said the crops subsector, which accounts for more than half of the total agricultural output, would remain key to the expected 1-percent growth.
“For the first quarter we are expecting about a 1-percent growth over last year’s growth,” he said. “I’m actually expecting greater growth toward the end of the year mainly because of the very good prices of agriculture commodities.”