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    Home > Food News > Food Articles > The economic community expects Philippine agriculture to grow 1% this year

    The economic community expects Philippine agriculture to grow 1% this year

    • Last Update: 2021-07-27
    • Source: Internet
    • Author: User
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    According to a report by the Philippine "Manila Times" on July 15, the Philippine economic community predicts that Philippine agriculture will only grow by 1% in 2021, with the main growth coming from sugar cane , rice , corn and coconut
    .
    At the 2021 Mid-year Food and Agricultural Enterprise Conference, economists stated that due to the negative effects of African swine fever, the new crown epidemic, and climate change, the recovery of agriculture this year will be minimal
    .
    The main driving force for agricultural growth this year is the support for the rice and coconut industries.
    As of July, it is expected that crops will grow by an average of 1-3%, poultry and fisheries will grow by 1-2%, and the livestock breeding industry will decrease by 10%
    .
    Economists recommend that the government implement an agricultural development plan based on food security, forecast development prospects, offset the impact of the new crown epidemic, diversify development between agriculture, consumer markets, and taxation, and strengthen the reliability of crop selection, investment, and insurance
    .
    The Philippine Department of Agriculture is optimistic that it estimates that the agricultural growth rate will reach 2.
    5% this year, and is working hard to improve the modernization and industrialization of agriculture
    .
    According to a report by the Philippine "Manila Times" on July 15, the Philippine economic community predicts that Philippine agriculture will only grow by 1% in 2021, with the main growth coming from sugar cane , rice , corn and coconut
    .
    At the 2021 Mid-year Food and Agricultural Enterprise Conference, economists stated that due to the negative effects of African swine fever, the new crown epidemic, and climate change, the recovery of agriculture this year will be minimal
    .
    The main driving force for agricultural growth this year is the support for the rice and coconut industries.
    As of July, it is expected that crops will grow by an average of 1-3%, poultry and fisheries will grow by 1-2%, and the livestock breeding industry will decrease by 10%
    .
    Economists recommend that the government implement an agricultural development plan based on food security, forecast development prospects, offset the impact of the new crown epidemic, diversify development between agriculture, consumer markets, and taxation, and strengthen the reliability of crop selection, investment, and insurance
    .
    The Philippine Department of Agriculture is optimistic that it estimates that the agricultural growth rate will reach 2.
    5% this year, and is working hard to improve the modernization and industrialization of agriculture
    .
    Philippines sugarcane rice corn coconut
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