Palay production to reach 3.10MMT in Q3
The Philippine Statistics Authority projects a decline in palay and corn production for the third quarter compared to the previous year. Harvest areas for both crops have decreased, though yield per hectare for palay shows a slight increase.
Why it matters
Agricultural output data is critical for assessing food security and economic stability in the Philippines.
THE country's palay (unmilled rice) production likely hit 3.10 million metric tons (MMT) in the third quarter, 17.2 percent lower that the actual output of 3.75 million MT a year earlier, the Philippine Statistics Authority (PSA) said on Wednesday.The updated estimate was lower than the 3.26 million MT as of July 1.The PSA also said that the harvest area could drop by 17.8 percent to 753,680 hectares from 916,770 hectares last year.Palay yield per hectare, meanwhile, is projected to grow 0.7 percent to 4.12 metric tons from 4.09 metric tons.As of Sept.
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