Economic Sector Sees 1% Growth of Agriculture in the Philippines

October 24, 2021

Economic Sector Sees 1% Growth of Agriculture in the Philippines mainly from sugarcane, rice, corn and coconuts. Economists said in 2021 Mid-year Comprehensive Conference of Food and Agricultural Enterprises that the agricultural revival this year will be little due to African Swine Fever, COVID-19 and climate change. The main force of agricultural growth this year is the support for rice and coconuts. As of July, the average growth of crops is expected to increase 1-3%, poultry and fishery increase 1-2% and livestock culture industry reduce 10%. Economists suggest the government should promote agricultural development plan based on grain safety to predict development prospect and offset COVID19 impact, apply diversified development of agriculture, consumption market and taxation, and strengthen reliability of crop selection, investment and insurance. The Ministry of Agriculture of the Philippines estimated optimistically that the agricultural growth rate this year will reach 2.5%, striving to improve agricultural modernization and industrialization level.

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Autor:

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myspjx@163.com

Phone/WhatsApp:

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