PALAY output is expected to rise 10.11% to a record 19.409 million metric tons (MT) this year, the Philippine Statistics Authority (PSA) said in a report on Tuesday.
In this final quarter alone, palay production is expected to increase by 6.26% to 7.45 million MT, as yield improvement offsets a contraction of harvest area, the PSA said. In the first quarter of 2018, rice output is forecast to rise 2.58% to 4.533 million MT.
The same report said that it expects corn output to decline by 5.41% to 1.635 million MT this quarter, rise 9.72% to 7.92 million MT for the entire 2017 and grow 5.45% to 2.495 million in 2018’s first quarter. — with Reuters