By Adrian H. Halili, Reporter
THE PHILIPPINES’ agricultural output contracted by a record 2.2% in 2024, as farm production continued to decline in the fourth quarter.
Data from the Philippine Statistics Authority (PSA) showed the value of production in agriculture and fisheries at constant 2018 prices shrank by 2.2% to P1.73 trillion, a reversal of 0.4% growth in 2023.
The 2024 print was below the Department of Agriculture’s (DA) 1-2% growth target.
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