Agri sector seen growing 5-6% in 2017

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MANILA – The Department of Agriculture is expecting the agricultural sector to recover and grow by 5 to 6 percent in 2017 from this year’s estimated flat growth.
“I am confident that we will grow. I would be targeting around 5 to 6 percent by next year… I believe that in the next cropping season, I just hope that we will not be hit by extreme calamity, (it’s) very, very positive,” Agriculture secretary Manny Piñol said in an interview.
Piñol said the sector is expected to post a flat growth in the fourth quarter, sustaining third quarter’s 2.9 percent.
The sector grew by 2.9 percent in the July to September quarter amid the normalization of weather conditions, breaking five consecutive quarters of decline.
It has recovered from the prolonged drought brought by the El Niño phenomenon, which already dissipated in the third quarter of 2016.
Piñol said the sector posted negative growths of 4 percent in the first quarter, and 2.13 percent in the second quarter.
“For the whole year, I think we will just even up because of the severe negative growths in the first and second quarters,” he added.
The agricultural sector grew a measly 0.11 percent in 2015 in terms of production volume. (PNA)
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