Philippines needs to unlock 'huge' agriculture potential: analyst

ABS-CBN News

<figure class='op-interactive'><iframe allowfullscreen='' frameborder='0' height='315' src='https://www.youtube.com/embed/ClZVsofBDtA' width='420'></iframe></figure>MANILA - The Philippines has “huge potential” for growth in agriculture, which President Rodrigo Duterte can unlock by improving supply chain infrastructure and shifting focus from rice to high-value crops, an analyst said Tuesday.A growing population will drive demand for food, with 23 million Filipinos expected to enter the “consuming class” in the next 15 years but the country is producing less from more land dedicated to agriculture compared to neighbor, Vietnam, said Suraj Moraje, senior partner at McKinsey&Company.“There’s huge potential for us to grow the sector and to make it much much better than it is today,” Moraje told ANC’s “Market Edge with Cathy Yang.”“Agriculture becomes really important and a huge economic opportunity. It is time we focus on it. It is important on an inclusive growth perspective,” he said.Moraje said the Philippines could plant more bananas, peanuts, cacao and coffee and further develop fisheries given its long coastlines.

“Agriculture becomes really important and a huge economic opportunity. It is time we focus on it. It is important on an inclusive growth perspective,” he said.Moraje said the Philippines could plant more bananas, peanuts, cacao and coffee and further develop fisheries given its long coastlines.

A growing population will drive demand for food, with 23 million Filipinos expected to enter the “consuming class” in the next 15 years but the country is producing less from more land dedicated to agriculture compared to neighbor, Vietnam, said Suraj Moraje, senior partner at McKinsey&Company.“There’s huge potential for us to grow the sector and to make it much much better than it is today,” Moraje told ANC’s “Market Edge with Cathy Yang.”

<figure class='op-interactive'><iframe allowfullscreen='' frameborder='0' height='315' src='https://www.youtube.com/embed/ClZVsofBDtA' width='420'></iframe></figure>MANILA - The Philippines has “huge potential” for growth in agriculture, which President Rodrigo Duterte can unlock by improving supply chain infrastructure and shifting focus from rice to high-value crops, an analyst said Tuesday.

The Philippines has “huge potential” for growth in agriculture, which President Rodrigo Duterte can unlock by improving supply chain infrastructure and shifting focus from rice to high-value crops, an analyst said Tuesday.

Philippines needs to unlock 'huge' agriculture potential: analyst | ABS-CBN News

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Philippines needs to unlock 'huge' agriculture potential: analyst

Philippines needs to unlock 'huge' agriculture potential: analyst