Philippines Q3 Agriculture Output up 2.32 Pct Y/Y

Source: Internet


The Philippines’ agricultural output rose 2.32 percent in the third quarter from a year earlier, propped up by crops, livestock and poultry production, the statistics agency said on Wednesday (15/11).

However, the growth was slower compared with the April-June pace of 6.2 percent.

Crop output, accounting for nearly half of total production, grew 5.2 percent, according to figures released ahead of the third-quarter GDP data due on Thursday. Paddy rice output rose a hefty 14.2 percent, but corn declined 2.7 percent.

Livestock was up nearly 1 percent and poultry grew 3.4 percent, but fisheries output contracted 4.3 percent. Agriculture accounted for about a tenth of the overall domestic output in recent quarters.

Source: Reuters

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