Philippines’ Q4 agricultural output drops 1% y/y

MANILA, Jan 25 (Reuters)Philippine agricultural production fell at an annual pace of 1% by value in the last quarter of 2022, the government said on Wednesday, ahead of Thursday’s fourth-quarter GDP report.

Crops, which accounted for 59.1% of the sector’s overall output, dropped 1%, while paddy rice fell 2.5%. Livestock output rose 2.5%, poultry increased 1.8%, and fisheries contracted 6.6%.

(Reporting by Neil Jerome Morales Editing by Ed Davies)

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