Tuesday, June 27, 2006

Agriculture is projected to grow by 4.5 to 5 percent for the first semester

Agriculture Secretary Domingo F. Panganiban said that for the first semester, starting January to June this year, agriculture is projected to grow by 4.5 to 5 percent growth based on our advance indicators with 7 to 7.5 percent increase in production during the period.

Palay production is expected to increase by 8.19 percent and corn production by 31.5 percent.
According to Panganiban, growth target was 4 percent. But the target was surpassed because of the economic policies that had been laid down by the economic managers and the President when the department was able to get support in terms of funding.

Panganiban said surpassing the target can be attributed to the following factors: 1) highbred seeds were made available on time; 2) for the first time in the history of Philippine agriculture that all irrigation systems, whether communal or national have been filled to capacity with water and 3) there have been sporadic rainfalls in places that have never been expected rains in February and March.

Those factors including the policies initiated by the government by releasing the funds on time to the Department of Agriculture in the first semester of 2006 have made this possible, Panganiban said.
Total rice stock as of May 1, 2006 was estimated at 2.42 million metric tons, round 231,000 MT or 21.2 percent higher than last year's stock for the same period. It was also higher by 10.5 percent than the preceding month's level of 2.19 million metric tons.

Panganiban said we are expecting that the present stock of the NFA generated from imports which are properly placed in strategic places of the country like in La Union and Baguio in Northern Luzon, Bacolod in Western Visayas and Cebu, and Davao and in Metro Manila will be utilized for the stabilization of prices purposes and addressing the target beneficiaries like the Tindahan Natin program and the rolling stores program.

As of the reporting period, NFA rice stock was good for 25 days, while those in the households and commercial warehouses were good for 40 and 16 days respectively. The current total stock is enough to last for 81 days.

Panganiban said the NFA has not procured so much because the price is P 10.50 to P 11. So it was the private sector that procured a lot more volume from the farmers than the NFA can buy. Not even two percent was the record of NFA, he noted. We can expect more stable rice prices as a result of private sector participation in helping the DA in the stabilization of prices, he added.

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AGRI-INFO/JUNE 27, 2006



TITLE: AGRI IS PROJECTED TO GROW BY 4.5 TO 5 PERCENT FOR 1ST SEMESTER

ALAM BA NINYO NA UMAASA ANG KAGAWARAN NG AGRIKULTURA NA TATAAS NG 4.5 HANGGANG 5 PERCENT ANG PAG-UNLAD NG SEKTOR AGRIKULTURA SA UNANG BAHAGI NG TAONG ITO?

ITO AY BATAY SA TINATAWAG NA ADVANCE INDICATORS O MAAGANG INDIKASYON NA MAGKAROON NG 7 TO 7.5 PERCENT NA PAGTAAS SA PRODUKSIYON SA LOOB NG NATURANG PANAHON.

ANG PRODUKSIYON NG PALAY AY INAASAHANG TATAAS NG 8.19 PERCENT AT ANG PRODUKSIYON NG MAIS AY 31.5 PERCENT.

AYON MISMO KAY AGRICULTURE SECRETARY DOMINGO PANGANIBAN, ANG GROWTH TARGET AY 4 PERCENT, AT NALAGPASAN ANG NATURANG TARGET DAHIL SA SUPORTANG PINANSIYAL NA TINANGGAP NG KAGAWARAN.

KABILANG SA MGA DAHILAN NG NALAGPASAN ANG GROWTH TARGET AY ANG TIYEMPONG TIYEMPO NA MAGAMIT ANG HIGHBRED SEEDS, ANG SAPAT NA TUBIG SA MGA IRIGASYON AT IBA PANG WATER SYSTEM AT ANG PABAGU-BAGONG BAGSAK NG ULAN SA MGA LUGAR NA HINDI INAASAHAN ANG PAG-ULAN SA MGA BUWAN NG PEBRERO AT MARSO.

ANG TOTAL RICE STOCK NITONG MAYO UNO 2006 AY TINAYANG NASA 2.42 MILLION METRIC TONS, MAS MATAAS NG 21.2 PERCENT KESA NUNG NAKALIPAS NA TAON, MAS MATAAS DIN NG 10.5 PERCENT SA SINUNDAN NITONG BUWAN.

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