As the country’s second-largest industrial subsector, agribusiness makes up around 27% of industrial GDP. The sector’s value added stands at around Dh30bn, (€3.26bn), accounting for about 30% of industrial value added. Made up of some 2050 industrial units ( comprised mainly of small and medium-sized companies), agribusiness employs up to 143,...
The past decade have seen trying times for cocoa farmers in Papua New Guinea. They have dealt with devastating attacks by the maligned cocoa pod borer (CPB) starting in 2006, followed by a drop in cocoa market prices which have brought the industry to the brink of collapse in recent years. Concerted efforts to revive the crop were led by farmers, international aid...
Palm oil has long been a success story for Papua New Guinea’s agricultural sector, with large plantations providing the bulk of agricultural export revenues and serving as a crucial component of economic diversification efforts to balance out the heavily weighted extractive industry sectors. Established in the 1960s, the original Hoskins and Bialla (now Hargy Oil Palms) oil...
Endowed with some of the most bountiful fisheries in the world, PNG’s waters have traditionally supplied abundant amounts of protein- and nutrient-rich food for settlements dotting the country’s 17,000 km of coastline. While seafood remains a key staple for many Papua New Guineans’ diets, the presence of highly sought after catches, such as tuna, prawns, lobster and others,...
While overshadowed by energy and mining investments, Papua New Guinea’s agricultural sector is both as a key earner of foreign currency and as a primary employer for many of its citizens. The country’s fertile land makes the sector and its downstream processing and value-added spin-offs the most viable option for absorbing its growing workforce, while continuing to provide...
Second in the agriculture segment to the palm oil industry in export value, Papua New Guinea’s forestry sector continues to expand on the back of strong regional demand for raw materials. The rate of growth for the industry has accelerated over the past decade as the government has allocated large swaths of land for agricultural development which has allowed companies to fell...
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