Philippine Agriculture Sector Falls 1.2% in 2020

The Philippine Statistics Authority (PSA) announced that the agriculture sector fell 1.2% in the year 2020 with the final quarter contracting by 3.8%, erasing the gains from previous quarters.

The PSA also said that for the year 2021 the agriculture industry is expected to grow by 2.5%.

William Dar, Agriculture Secretary, said “We believe that despite the Taal volcano eruption, the COVID-19 pandemic, continued incidence of ASF and a series of strong typhoons, the country’s agriculture and fishery sector has remained pliant and resilient, facing head-on and surmounting the huge challenges last year,”

Dar added that ₱46 billion has been prepared to finance programs that would boost rice and corn production, aquaculture and hog and poultry repopulation.

Source: Inquirer