• The agricultural sector is poised to have recorded modest growth below three percent last year, according to an official of the Department of Agriculture (DA).
  • Latest data from the Philippine Statistics Authority (PSA) showed that the country’s farm production declined by 0.3 percent in the third quarter, due to lower outputs in the crops and fisheries sector, marking the second consecutive quarter that farm production declined.
  • The value of agriculture and fisheries production stood at P412.41 billion from July to September.
  • The 0.3 percent decline was lower than the 1.2 percent drop in the second quarter, but a reversal of the 1.6 percent growth recorded in the same quarter last year.