Agricultural and fisheries output declined 5% by value year-on-year in the third quarter, the Philippine Statistics Authority (PSA) said, reversing the year-earlier 3% growth, as crops and fisheries suffered setbacks due to high fuel and fertilizer costs and weather disruptions.
The value of production for agriculture and fisheries at constant 2018 prices amounted to P389.42 billion, against P408.94 billion a year earlier.
“Meanwhile, the values of livestock and poultry production increased,” the PSA said.
Output retreated from the second quarter’s 2.9% growth.
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