PSA sees Q2 palay output at 4M metric tons

The country’s palay and corn output in the second quarter of the year may be slightly higher than expected, given better irrigation and higher inputs subsidy from the government, the Philippine Statistics Authority (PSA) said on Monday.

In its April-June 2017 Palay and Corn Forecast, the PSA said that palay production for the second quarter of 2017 may have reached 4.104 million MT, up 0.23 percent from the April 2017 forecast of 4.095 million MT and 11.1 percent higher than the previous year’s output of 3.70 million MT.