Connect with us

Hi, what are you looking for?


Q4 2020 agriculture PPI rises by 4.1%


THE PRODUCER price index (PPI) for agriculture rose 4.1% in the fourth quarter of 2020, according to the Philippine Statistics Authority (PSA).

The PSA said in a report that the fourth quarter growth rate represents a turnaround from the minus 6.8% recorded in the fourth quarter of 2019. The growth rate also exceeds the 0.7% logged in the third quarter of 2020.

“This brings the Philippines’ annual average growth rate of PPI for agriculture for the year 2020 to 0%,” the PSA said.

The agriculture PPI “measures the changes in the average prices received by farmers for their produce relative to a base period,” the PPI said. The base year used in the report was 2018.

The PSA said the highest growth rate in the fourth quarter was posted by Calabarzon (Cavite, Laguna, Batangas, Rizal, and Quezon) with 22.4% while the lowest was by Eastern Visayas with minus 20.3%.

Crops grew 2.2% during the fourth quarter, with growth rates for fruit and commercial crops at 0.9% and 0.4%, respectively.

It added that the growth rate for cereals was 3.3%, while condiments came in at 40.5%.

The PSA said the growth rate for livestock and poultry in the fourth quarter was 20.6%, turning around from the minus 6.1% posted a year earlier.

“The uptrend in the PPI for livestock and poultry was due to the 31.7% annual increase in the index for livestock during the quarter,” the PSA said.

The growth rate for fisheries was minus 8.1% in the fourth quarter, against the 0.8% rise a year earlier.

It added that the growth rates for aquaculture and commercial fisheries for the quarter were minus 5.9% and minus 8.4%, respectively.

“On the other hand, annual declines further accelerated during the quarter in the indices of inland municipal fishery at minus 5.4% and marine municipal fishery at minus 11.4%,” the PSA said. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration The Philippines remains under a “gray” list of countries...

Editor’s Pick

A Brewdog promotion which said customers could win “solid gold” beer cans was misleading, the advertising watchdog has found. The Scottish brewer offered...

Editor’s Pick

There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut. New contracts...

Editor’s Pick

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year....


PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter The Philippines expects to narrow its budget deficit, with the government having raised tax...


The Philippine economy is expected to grow by 4.3% this year — slower than originally expected — due to recurring coronavirus infection surges in...

You May Also Like

When people envision technology overtaking society, many think of The Terminator and bulletproof robots. Or Big Brother in George Orwell’s Nineteen Eighty-Four, a symbol...

Financial Advisors

Stock Markets9 hours ago (Jul 02, 2020 04:45AM ET) (C) Reuters. ROME (Reuters) – World food prices rose in June to post their first...


SAN FRANCISCO — The spread of the coronavirus has meant feast or famine for technology start-ups. While many are cutting staff and slashing costs...


OAKLAND, Calif. — Jack Dorsey has won plaudits for his corporate activism during the coronavirus crisis, taking on President Trump in his role as...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Respect Investment. All Rights Reserved.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!