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Farm output stalls on ASF, palay price drop

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MANILA, Philippines The Philippine agriculture sector posted flat growth in 2019, largely due to the outbreak of the African swine fever and the steep drop in palay prices due to liberalization.

MANILA, Philippines The Philippine agriculture sector posted flat growth in 2019, largely due to the outbreak of the African swine fever and the steep drop in palay prices due to liberalization.

Based on the latest report of the Philippine Statistics Authority (PSA), the local farm sector rose by a measly 0.7 percent, just slightly higher than the 0.6 percent growth recorded the previous year.

For the fourth quarter alone, the farm sector slowed to 0.4 percent from 1.9 percent in 2018.

See full article at Philstar

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