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.
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 | The sector relies on imports of key products despite rising food output from The Report: Algeria 2014
Authorities have made food security a top priority in the last five years, considering Algeria’s growing population, rising consumption and income levels, and its exposure to volatile commodity prices. Food imports increased nearly 65% in the last five years from €4.3bn in 2009 to €7bn in 2013. Food represented 17.5% of total imports in 2013, and its value has continued...
Interviews & Viewpoints | OBG talks to Abdelwahab Nouri, Minister of Agriculture from The Report: Algeria 2014
How can the performance of Algeria’s agricultural sector be improved in the coming years?
