MANILA -The country’s farm output rose by 2.1 percent in the first quarter of 2023, data from the Philippine Statistics Authority (PSA) showed.
This was a turnaround from the 0.3-percent decline recorded in the same period last year, the statistics agency noted in a report released Wednesday.
The value of agriculture and fishery production at constant 2018 prices reached P428.69 billion, slightly up from about P420 billion a year ago.
All subsectors registered increases in production during the January to March period.
Livestock subsector posted the largest growth at 4.1 percent following a drop of 1 percent a year ago.
Poultry followed with 3.2 percent, although the increase in the same period last year was higher at 12.3 percent.
Crops recorded a 1.7-percent improvement after a decline of 1.7 percent in the same period last year.
The fisheries subsector posted a 0.3-percent increase, a reversal of a 5.8-percent output decline in the first quarter of 2022.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
