5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Livestock output seen rising even as El Niño batters feed crops

by
May 7, 2024
in Stock
0
Livestock output seen rising even as El Niño batters feed crops
REUTERS

THE Department of Agriculture (DA) said on Tuesday that it is expecting livestock production to rise this year even with El Niño putting pressure on animal feed production.

Agriculture Undersecretary Deogracias Victor B. Savellano told reporters that the DA is “positive” that production will increase because a number of programs are in place to address any possible challenges, providing growers with biologics, animal feed, and medicine.

Last year, livestock output rose 2.5%, against a 1.9% rise reported in 2022, according to the Philippine Statistics Authority (PSA).

Hog output is expected to grow (3.7%), as is that of goat (1.3%). Lower production is expected for cattle (-2.6%) and carabao -0.9%).

The DA has set a goal of growing livestock production by five times over the next five years, in a bid to minimize imports.

He added that the government will continue to extend aid to livestock growers.

Jonathan V. Sabiniano, program director for the National Livestock Program said El Niño has affected the production of animal feed.

The government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), has said that El Niño is currently weakening, though its effects are projected to be felt until August.

“(There is) changing climate and changing landscape… agricultural areas are now shrinking. We have less space now for livestock raising as well as decreasing soil fertility (for) feed and forage,” Mr. Sabiniano added.

As of April 30, agricultural damage from El Niño was estimated at P5.9 billion by the DA. Damage to corn, a major component of animal feed amounted to P1.76 billion, with total volume losses of 97,937 metric tons (MT).

Yellow corn, which makes up about 50% of animal feed, posted output growth of 2% to 2.08 million MT during the first quarter, according to the PSA. — Adrian H. Halili

Previous Post

‘Always-on,’ weather-independent nuclear plants seen making supply more reliable

Next Post

Poe: Water issues stem from inefficient regulation

Next Post
Poe: Water issues stem from inefficient regulation

Poe: Water issues stem from inefficient regulation

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    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!

    Recommended

    Rice tariff stays at 15% till November

    Rice tariff stays at 15% till November

    July 9, 2025
    Income-price gap keeps Filipino families from owning homes — ULI

    Income-price gap keeps Filipino families from owning homes — ULI

    July 9, 2025
    NCR wage hike unlikely to stoke prices

    NCR wage hike unlikely to stoke prices

    July 9, 2025
    S&P sees 11-13% loan growth in next 2 years

    S&P sees 11-13% loan growth in next 2 years

    July 9, 2025

    Disclaimer: 5GInvestmentNews.com, 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.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.