The Philippine Statistics Authority (PSA) data shows agricultural output in the second quarter of 2024 slid by 3.3 percent due to the drop in the value of crops and livestock production. INQUIRER FILE PHOTO
MANILA, Philippines — Agricultural output in the second quarter of 2024 slid by 3.3 percent due to the drop in the value of crops and livestock production, according to data from the Philippine Statistics Authority (PSA) released Wednesday.
In its report, the PSA said the value of production in agriculture and fisheries declined to P413.91 billion from P427.69 billion a year ago.
READ: Philippine farm output inched up in Q1
Crop production dropped to P220.04 billion, eight percent lower than in the second quarter last year. The PSA noted that palay and corn production – the country’s major staples – also recorded decreases during the period.
READ: Agricultural output up 0.7% in Q4 of 2023
Livestock likewise booked a 0.3-percent dip in the value of production to P63.33 billion.
However, both poultry and fisheries production logged growth, expanding to P70.15 billion and P60.40 billion in the second quarter of 2024, according to the PSA data.