AGRICULTURAL PRODUCTION rose in the third quarter, as growth in crops, livestock, and poultry sectors offset the decline in fisheries output, the Philippine Statistics Authority (PSA) said on Wednesday.
Data released by the PSA showed the value of production in agriculture and fisheries at constant 2018 prices expanded 1.8% in the July-September period. This was a reversal of the 0.6% contraction in the second quarter, and the 2.6% decline in the same quarter in 2021.
The agriculture sector contributes around a tenth to overall GDP. Third-quarter economic data is scheduled to be released today . In the third quarter, palay and corn production went up 1% and 2.5%, respectively. Sugarcane output surged 78.8%, while abaca production jumped 21.7%. In August, the government pushed for the reopening of sugar mills ahead of the milling schedule to address supply shortages that pushed prices higher.Higher production was also reported in cacao , tomato , bitter gourd orProduction of mongo , cassava , and banana was nearlyAt current prices, crop production increased 4.2% to P240.97 billion from the previous year’s record.Meanwhile, livestock, which accounted for 15.6% of total production, went up 4% in the July to September period, from -15.
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