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Philippines agriculture output contracts in Q2 as rice harvest declines

Published 08/07/2019, 09:24 AM
Updated 08/07/2019, 09:30 AM
Philippines agriculture output contracts in Q2 as rice harvest declines

MANILA, Aug 7 (Reuters) -
* Philippines agricultural output contracted at an annual
pace of
1.3% in the second quarter, after growing at the
earlier-reported 0.67% rate in the March quarter, the country's
statistics agency said on Wednesday.
* Three sub-sectors — livestock, poultry, fisheries — posted
growth, while crops, which account for nearly half of
agriculture's total output, contracted by 5.7%, the Philippine
Statistics Authority said.
* The country's paddy rice harvest during the June quarter
dropped
5.8% from a year earlier, after a 4.5% decline in the first
quarter, hit by El Nino-induced dry weather.
* Agriculture accounted for less than a tenth of the
domestic
economy's overall output in the first quarter.
* The government will release second-quarter GDP data on
Thursday,
with growth in the June quarter seen accelerating to 5.9% from
the first quarter's 5.6%, based on a Reuters poll.

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