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Economic Indicator: Farm sector output in Q1 increases a measly 0.2%.
Agriculture, fishery and forestry, one of the country's top economic performers last year, failed to live up to its former glory during the first quarter of this year.
Total output as measured by gross value added (GVA) was almost unchanged, growing a scant 0.2% to P47.151 billion at constant 1985 prices, according to the data released by the National Statistical Coordination Board (NSCB) yesterday.
The stagnant growth in farm output can be traced to the drop in palay, or paddy rice, and corn production.
Palay harvest during the three-month period shrank 4.6% to 2.86 million metric tons (MT) while corn output plunged almost 21% to 1.268 million MT. …
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