Sunday, 26 May 2019

Philippines' Poultry sector's output grew

The country’s agriculture sector recorded a slower growth in the first quarter of the year, with both gains and cuts recorded in production while the value of farm produce posted its first decline since 2016.


The Philippine Statistics Authority (PSA) reported that agriculture grew by 0.67 percent during the three-month period against 1.08 percent in the same quarter last year, which could mean a worsening performance following the dismal growth observed in 2018 when farm output fell short of reaching the government’s targets.

Agricultural output accounted for about a tenth of the country's gross domestic product (GDP) in the recent years. The government will release first-quarter GDP data on Thursday.

Three sub-sectors — livestock, poultry, fisheries — posted growth, while crops, which accounts for about half of agriculture's total output, contracted by a percent.


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