As part of efforts to tackle the country’s over-reliance on mineral and energy exports, the government is supporting the growth of the agriculture sector to promote diversification. Forestry, agricultural and fishery activity currently accounts for one third of the economy and remains the principle livelihood of the vast majority of Papua New Guinea’s citizens. Agriculture exports dropped from...
Papua New Guinea Agriculture
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Chapter | Agriculture & Fisheries from The Report: Papua New Guinea 2014
Papua New Guinea is poised for change, as the country’s mineral riches are providing a major opportunity for economic development through the exploitation of natural resources. The government’s five-year strategic plan focuses on key development enablers such as free education, improvements to health services, the strengthening of law and order, rural development projects and infrastructure construction.
Economic update | Downstream projects bode well for Papua New Guinea’s fisheries industry
27 Oct 2013
A wave of new fish processing facilities is galvanising downstream activity across Papua New Guinea (PNG), paving the way for the $408m fisheries sector to transform itself into a billion-dollar industry.
Economic update | Papua New Guinea: Sowing fortunes
27 Mar 2013
The coming years pose considerable challenges to Papua New Guinea’s (PNG’s) agriculture sector as it continues to come down from the record highs it achieved in 2011. However, increased financial support from the government, as well as several planned infrastructure developments, should help the sector keep pace with overall economic growth.
In addition to the environmental benefits, a focus on sustainable agriculture in Papua New Guinea (PNG) is expected to generate healthier sales of the country’s biggest products − palm oil and coffee. However, a number of hurdles will need to be overcome to achieve this goal. Heavy rainfall in the first six months of 2012 has significantly impacted palm oil production, while a labour shortage is expected to affect export revenues of the coffee production segment.
Articles & Analysis | On the rise: Very active palm oil production earns a spot among top exporters from The Report: Papua New Guinea 2012
While the local palm oil industry’s increasing maturity over the past decade has been impressive, its linear pattern lags behind the exponential growth seen in other palm oil-producing countries such as Malaysia or Indonesia. This slower but steady pattern is due to the hobbling influence of the complicated land usage and ownership system in PNG....