Abaca output rises 21% | Inquirer Business

Abaca output rises 21%

/ 03:19 AM January 06, 2015

MANILA, Philippines–Abaca farmers produced a total of 427,727 tons of the fiber from January to November of 2014, an increase of 21 percent year on year from 354,401 tons.

According to the Fiber Industry Development Authority (Fida), abaca farmers in the Bicol Region accounted for 40 percent of the 11-month output.

Fida data show that production in Bicol surged 19 percent to some 173,269 tons from about 145,140 tons in the same period of 2013.

Article continues after this advertisement

Eastern Visayas was the second-most productive region with 16 percent of total volume while the Davao region was third with 13 percent.

FEATURED STORIES

Output from Davao ballooned by 59 percent to about 55,850 tons while production growth in Eastern Visayas shrank by 0.2 percent to some 68,736 tons.

In the eight months to August last year, exports of abaca-based products rose by 57 percent to $79.6 million.

Article continues after this advertisement

These include pulp, cordage, fabrics, fibercraft and raw fiber. For fiber alone, the United Kingdom was the biggest buyer, cornering 41 percent of total exports pegged at 5,943 tons.

Article continues after this advertisement

According to the Bureau of Agricultural Research, the country ships out abaca products valued at some $100 million yearly.

The BAR has been pushing for the adoption of integrated abaca farming in Leyte and Samar to help maintain the Philippines’ standing as the world’s biggest supplier of abaca products.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: abaca, Agriculture, Bicol, Davao, Eastern Visayas

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.