BusinessWorld
CROPS OUTPUT, which made up 59% of the agriculture sector’s total production, jumped 3.3% in the first quarter. — PHILIPPINE STAR/ MICHAEL VARCAS
THE COUNTRY’S agricultural output shrank by an annual 3.3% in the first quarter, as livestock and poultry production contracted, the Philippine Statistics Authority (PSA) reported on Monday.
In a statement, the PSA said the value of production in the agriculture sector at constant 2018 prices dropped by 3.3% in the January to March period, lower than the -1.7% a year ago. However, this was still a slight improvement from the -3.8% posted in the fourth quarter of 2020.
“This was due to the reduction in the livestock and poultry production. On the other hand, crops and fisheries both recorded increases in production,” the PSA said.