Philippine farm and fisheries output rose marginally by 0.05 percent in the first quarter of 2024 to P428.9 billion at constant 2018 prices, on the back of improved poultry production, the Philippine Statistics Authority said Wednesday.
Growth was noted in poultry production, the PSA said, but there were declines in crops, livestock and fisheries output.
Crop production, which makes up 57.6 percent of the sector’s total value, declined by 0.3 percent annually. Rice production specifically fell by 2.0 percent.
Livestock production, representing 13.9 percent of the sector’s value, contracted 3.6 percent. Hog production saw a steeper decline of 4.3 percent.
Poultry output, however, increased by 5.9 percent, contributing 16.0 percent to the total value. The PSA reported increments in the value of production for all poultry commodities except duck eggs.
Fisheries production, which makes up 12.5 percent of the sector, contracted by 1.3 percent.
The agriculture and fisheries sector accounts for a tenth of the country’s gross domestic product.
