Philippines agriculture output down 2.2% in 2024

Over the past six years, the agriculture sector posted annual production declines except in 2023, when it managed to eke out a slim gain. — Bloomberg

MANILA: The El Nino phenomenon, spate of typhoons, and the prevalence of animal diseases combined to bring down the output of the country’s agriculture sector by 2.2% in 2024.

The Philippine Statistics Authority reported that in the fourth quarter of last year alone, the value of agriculture and fisheries production declined to 483.58 billion peso from 494.25 billion peso in the same period the previous year.