Business World

Cattle output dips in six months to June

- Janina C. Lim

DOMESTIC cattle production in the first six months fell 0.42% from a year earlier, the Philippine Statistics Authority (PSA) said, while value of cattle during the period rose.

In its September 2017 Cattle Inventory Situation Report, the statistics agency said preliminar­y estimates show that total volume of cattle production in January to June totaled 130,821 metric tons (MT) live-weight, down from the 131,369 MT recorded in the same period last year.

First quarter production rose 1.46% year on year to 61,980 MT.

Any first quarter gains, however, were offset by a 2.05% drop in production to 68,840 MT in the three months to June.

The gross value of cattle production at current prices during the sixmonth period was P12.721 billion, up 2.83% from a year earlier.

As of July 1, the total cattle inventory was estimated at 2,561,270 head, some 93.94% of which were raised in backyard farms with the remainder accounted for by commercial farms.

The PSA said inventory from backyard farms totaled 2.41 million head, up 0.61% year on year.

However, cattle numbers at commercial farms fell 5.46% from a year earlier.

The average price of cattle during the period was P97.21 per kilogram, liveweight, up 3.29% from a year earlier.

The Ilocos Region and Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon) accounted for the largest share of cattle in backyard farms at 12.24% and 10.84%, respective­ly.

Meanwhile, the highest share of cattle in commercial farms was in the Bicol Region, Cagayan Valley and Central Luzon, with a combined 52.92%.

Overall the top three regions for cattle inventory were the Ilocos Region, Calabarzon and Northern Mindanao, with a combined 32.04% of total cattle inventory in the first half.

During the period, the volume of beef imports was 39,421.88 MT valued at $133.30 million — which includes insurance and freight. These indicators rose 8.32% and 20.72%, respective­ly, compared with 2016 levels.

The bulk of beef imports came in the second quarter of the year at 21,988.84 MT or about 55.78% of shipments during first half. —

 ??  ??

Newspapers in English

Newspapers from Philippines