Peru's Farming Sector Seeing Higher Prices

By CnAgri Print

Agricultural production in Peru between January-September this year recorded an increase of 4.6 percent compared to the same period of 2011, driven by growth in the livestock sub-sector by 5.2 percent and production of agricultural subsector by 4.2 percent, the latter being the second highest score for the year, as revealed by the Ministry of Agriculture.

According to the Office of Economic and Statistical Studies MINAG, production of the livestock subsector grew due to increased production of poultry, cattle, pigs and milk.

The agricultural subsector increased due to an increase in production of potato, rice husk, yellow corn and olives.

Also contributing to the increase were bananas, alfalfa, avocado, grapes, sugar cane and tangerine. But a decrease in production was seen for coffee, mango, cotton and sweet potato.

The growth rate of agricultural production for the period January-September this year, was slightly above the average annual rates of the same period in the last ten years.

In September, the livestock subsector grew by increased production of birds, swine, cattle, sheep and dairy. However, egg production continued to decline.