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Philippine Agribusiness Output Drops 5% in Q3 on Weak Crops, Fisheries
Philippine agricultural production fell 5% year-on-year in the third quarter to P389.42 billion, driven by weak performance in crops and fisheries, the Philippine Statistics Authority (PSA) reported. Rice and corn production saw significant declines.
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- Philippine farm output dips 5% in Q3, weighed by crops and fisheries
Philippine farm production fell 5% to P389.42 billion in the third quarter, primarily due to declines in crops and fisheries, according to the Philippine Statistics Authority (PSA). This downturn may impact domestic food supply and the rural economy.