Agricultural, fisheries output further contract in Q3MANILA, Philippines — The country could miss its target growth rate for the agriculture and fisheries output this year after a prolonged dry spell and devastating typhoons dragged down local production in the third quarter to its steepest decline in 15 months. It was the second straight quarter that agriculture and fisheries output declined. The value of crop production, which accounts for half of the overall agriculture output, declined on an annual basis by 5.1 percent. Livestock output fell by 6.7 percent year-on-year while fisheries production contracted by 5.5 percent. The value of the country’s agriculture and fisheries output from January to September dipped by two percent on an annual basis following the third quarter performance.

Source: Philippine Star November 07, 2024 04:11 UTC