Consumer food sales to rise 10%

THE United States Department of Agriculture (USDA) is projecting food service sales in the Philippines to increase by 10 percent in 2024, exceeding pre-pandemic levels as tourism recovers coupled with an increasing number of consumers.

In its latest Global Agricultural Information Network (GAIN) report, the agency predicts the country's consumer food service sales to hit $14.045 billion this year, higher than the $12.768 billion estimate in 2023.