Palay, corn output growth short vs drought losses – PSA

The country’s palay and corn production is expected to post positive growth in the second half of the year but this may not be enough to offset losses due to the prolonged dry spell that hit the country late last year, the Philippines Statistics Authority (PSA) said on Wednesday.

In its Rice and Corn Situation and Outlook-October Round, the PSA said that the July-December 2016 palay and corn production may post positive growth of 4.49 percent and 7.20 percent, respectively.