Peruvian fishermen have faced three consecutive years of instability associated with the occurrence of El Niño. Since 2014 the climate cycle has weakened the supply of anchovy, the sector’s prime catch, with negative impacts on exports of fishmeal and fish oils. Despite a weak performance in 2016, the sector’s recovery is expected to gain...
Increased investment and the expansion of irrigated land along the Peruvian coast has ensured the continued development of large-scale industrial agriculture in Peru for more than two decades. After introducing dozens of new products to Peruvian soils, local agri-business firms have successfully expanded and diversified the country’s...
Despite the effects of El Niño in 2017, agriculture’s prospects remain positive. According to the Ministry of Agriculture and Irrigation, projections, the sector is expected to post average growth of 3-3.5% in 2017, with exports projected to increase by 20-25% to reach $6bn. In the longer term, ongoing public programmes to assist small-scale farming should help to ensure that more smaller...
Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.
Abu Dhabi is focused on developing technologies to help boost its domestic production efficiency, while also rendering output more sustainable by limiting the use of water, fertilisers and pesticides. Agriculture accounts for the bulk of its water usage, the majority of which comes from ground-fed aquifers. However, with groundwater on track...
As a rising population continues to put upward pressure on demand for food, Abu Dhabi’s authorities are pursuing various initiatives to promote domestic production, both as a means of economic diversification and to further bolster food security, with various bodies responsible for the agricultural sector being established over the last 10...
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