PH abaca output grew by 3.6% in first 9 months of 2016 | Inquirer Business

PH abaca output grew by 3.6% in first 9 months of 2016

/ 01:35 AM December 08, 2016

ABACA products from Cabadbaran. Photo by Bernard L. Supetran, Contributor

ABACA products from Cabadbaran. Photo by Bernard L. Supetran, Contributor

Domestic production of abaca continued to grow in the nine months to September 2016, increasing by 3.6 percent to 46.1 million kilos.

According to the Philippine Fiber Industry Development Authority (Fida), the Bicol region remained the country’s top producer with 38 percent of total output or 17.6 million kilos.

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Fiber production from Bicol saw a 7.9-percent year-on-year increase from 16.3 million kilos in the same period of 2015.

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Growth in volume were most pronounced in the regions of Western Visayas and Soccsksargen but decreases were also seen in Autonomous Region in Muslim Mindanao (ARMM) and Caraga.

Production from Western Visayas jumped 77 percent to 1.6 million kilos and Soccsksargen by 50 percent to 1.4 million kilos.

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On the other hand, output in ARMM fell by 17 percent to 3.6 million kilos and Caraga by 9 percent to 4.2 million kilos.

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Helping keep an overall increase in output was a 3-percent rise in Davao region (7.8 million kilos) and a 4-percent rise in Eastern Visayas (6.7 million kilos).

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Also, exports of abaca-based products revved up by 33 percent year-on-year in January to August to $77.5 million, Fida data show.

These include pulp, cordage, fabrics, fibercraft and raw fiber. For fiber alone, the value of outbound shipments increased by 18 percent to $13.6 million. —RONNEL W. DOMINGO

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TAGS: abaca, armm, Autonomous Region in Muslim Mindanao, Bicol Region, caraga, Soccsksargen, Western Visayas

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