MANILA— The Philippines‘ agricultural and fisheries production grew at an annual pace of 1.8% by value in the third quarter, the government said on Wednesday.
Crops, which accounted for 53.9% of the sector’s overall output, increased 1.8%, with paddy rice up 1.0% and corn up 2.5%, data showed ahead of Thursday’s third-quarter GDP report.
Livestock output rose 4.0%, while poultry production expanded 6.4%. Fisheries output declined 4.2%.
Increased food prices owing to weather disturbances and a sharp rise in sugar prices, along with pressures from non-food factors, could keep Philippine inflation elevated in the coming month, according to the Bangko Sentral ng Pilipinas.
READ: Philippines October inflation climbs to 7.7% yr/yr
—Reporting by Enrico Dela Cruz and Neil Jerome MoralesEditing by Ed Davies
