The Philippines is an agrarian country, with half of its population living in the rural areas and being engaged in farming. Agriculture and forestry contributed some 8.8% to the national GDP on its own,and some 10.3% if fisheries are included, official data showed. Agriculture in the Philippines has been struggling with fragmentation and low levels of technological adoption and specialisation, as

highlighted by its flagging GVA over the 2011-2015 period. Yet the sector enjoys good fundamentals in the face of farming traditions, a large farming population and good global positions in several subsectors such as coconut and rice growing, sugar manufacturing and fisheries. Additional favourable factors include a growing population, an expanding food processing industry and a government focus on reforms.

01 EXECUTIVE SUMMARY p.5

Sector in Numbers 2015

Sector Overview

Sector Snapshot

Sector Outlook

Driving Forces

Restraining Forces

02 SECTOR IN FOCUS p.13

Focus Point

Main Economic Indicators

Main Sector Indicators

Agricultural Production

Global Positioning

Trade Balance

Imports

Exports

FDI

Employment

Wages

Main Events

03 COMPETITIVE LANDSCAPE p.30

Highlights

M&A Deals

04 COMPANIES IN FOCUS p.34

Victorias Milling Company Inc

Pioneer Hi-Bred Philippines Inc

Frabelle Fishing Corporation Inc

Prime Fruits International Inc

Foremost Farms Inc

05 REGULATORY ENVIRONMENT p.41

Government Policy

Comprehensive Agrarian Reform Programme

06 CROP PRODUCTION p.46

Cereal Production Highlights

Coconut Production Highlights

Sugar Production Highlights

Crop Production Volume

Crop Production Value

Sugar Statistics

07 FISHERIES p.53

Highlights

Fish Production

08 POULTRY AND LIVESTOCK p.56

Highlights

Production Volume

Production Value