Fishermen in Peru are facing a second consecutive year of losses as the supply of anchovy, the sector’s prime catch, has dropped to a record low. In a climate of instability, the sector is increasing diversification efforts to reduce dependence on the delicate resource.
The Americas Agriculture
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Articles & Analysis | Diversification efforts are up as instability over anchovy supply continues from The Report: Peru 2015
Chapter | Agriculture & Fisheries from The Report: Peru 2015
Increased domestic consumption, exports and investment have led to consistent growth in the agriculture sector for more than a decade. From 2003-12 growth averaged 4.14%, according to the Ministry of Agriculture and Irrigation. However, a decline in production volumes of key crops, in particular coffee, saw growth slow to 2.2% in 2013. The development of industrial and export-oriented...
Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
Articles & Analysis | Cacao production and exports on the rise from The Report: Colombia 2014
With demand for cacao on the rise and a projected global deficit of 1m tonnes by 2020, according to the International Cacao Organisation (ICCO), cacao production in Colombia is set to receive special attention in the next few years. While the country currently accounts for only 1% of global cacao production, the potential for much higher...
Articles & Analysis | Providing investment and support to key cash crops from The Report: Colombia 2014
Decades of conflict, affecting primarily rural areas, have taken their toll on Colombia’s agricultural sector. High fragmentation and rural poverty have stifled large-scale investments and prevented productivity gains, while a deficient transport and infrastructure network add to domestic production costs. In recent years, increased global...
Articles & Analysis | Bilateral trade agreements redefine local markets from The Report: Colombia 2014
In recent years Colombia has signed a number of free trade agreements (FTA), significantly expanding its access to new markets across the globe. The most recent, with South Korea, was signed in February 2013 and has yet to come into force. The agricultural sector is particularly sensitive to new FTAs and fears of the negative impact increased...