Sunday, May 6, 2007

Philippine Farm Output Growth Slows in First Quarter Amid El Nino Concerns

(Bloomberg) -- Philippine agricultural output, which accounts for about a fifth of the economy, grew at a slower pace in the first quarter as farmers planted fewer crops on concerns about drier weather, Agriculture Secretary Arthur Yap said.

Farm and fishery production expanded 3.6 percent in the first three months of the year compared with 3.9 percent a year earlier, Yap told reporters in Manila today.


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