Philippines Q4 agricultural output value rises 0.7% year/year

January 30, 2024 - 5:20 PM
836
Farmers remove weeds growing alongside with ride stalks at a ricefield in Naujan, Oriental Mindoro in Philippines, August 27, 2018. (Reuters/Erik De Castro/File Photo)

The Philippines’ agricultural and fisheries production by value rose 0.7% in the fourth quarter from a year earlier, government data showed on Tuesday, a day ahead of the release of gross domestic product figures.

The incremental growth was driven by crops, livestock and poultry as fisheries posted a decline in value of production, the Philippine Statistics Agency said.

Crop production, which accounted for more than half of total farm output, grew marginally at 0.1% year-on-year. Poultry production expanded 7.8% annually, accounting for more than a tenth of output.

Fisheries production, however, declined by 5.2% in the last three months of 2023.

— Reporting by Mikhail Flores; Editing by Martin Petty