By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINES’ agricultural production plunged by 3.7% in the third quarter, the steepest decline in nearly four years, the statistics authority said on Wednesday.
Data from the Philippine Statistics Authority (PSA) showed the value of production in agriculture and fisheries at constant 2018 prices fell by 3.7% to P397.43 billion in the July-to-September period. This was worse than the 0.2% decline in the same period a year ago.
This was also the biggest drop in farm output since the 3.8% contraction in the fourth quarter of 2020.
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