The Philippine Statistics Authority (PSA) reported that palay production in the third quarter settled at 3.329 million MT, about 470,000 MT lower than the 3.798 million MT recorded volume in the same period last year.
The actual output volume was even lower than the 3.35 million MT last projection made by the PSA for the third quarter palay production last month.
Historical PSA data showed the third quarter palay output was the lowest production for July-to- September period in five years or since the 3.051 million MT recorded volume in 2020.
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TNT BACK IN COMMAND
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