‘Pablo’ farm damage at P11.23B; bananas hit hardest

A rare cloud formation is seen amid destroyed banana plantation four days after typhoon Pablo rendered extensive damage to agriculture at Montevista town, Compostela Valley, on Dec. 8, 2012. Sumifru Banana Corp., Land Bank of the Philippines and banana growers in areas hard-hit by Pablo are set to sign a tripartite agreement to rehabilitate affected banana plantations in Davao Oriental and Compostela Valley, Agriculture Secretary Proceso Alcala said on Friday, Jan. 4, 2013. AP/BULLIT MARQUEZ

Damage to agriculture due to Typhoon “Pablo” has reached P11.23 billion as of Dec. 10, 2012, the Department of Agriculture (DA) reported Tuesday.

Posted: December 12th, 2012 in Latest Business Stories,Photos & Videos | Read More »

Banana growers in Mindanao lose $318M

Cavendish bananas from Mindanao. INQUIRER FILE PHOTO

The Philippines, the world’s third largest exporter of bananas, lost a quarter of its crop in Typhoon “Pablo,” an industry group said Thursday, adding that it has also likely spread a destructive pest.

Posted: December 7th, 2012 in Latest Business Stories | Read More »

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