Farm output grows 2.32 pct in 3rd quarter

Reuters

Posted at Nov 15 2017 02:37 PM

MANILA - 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.

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.