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.

ADVERTISEMENT

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

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.

FEATURED STORIES

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

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.

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).

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

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.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: abaca, armm, Autonomous Region in Muslim Mindanao, Bicol Region, caraga, Soccsksargen, Western Visayas
For feedback, complaints, or inquiries, contact us.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Curated business news

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



© Copyright 1997-2023 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.