Peru: Farming GDP may have expanded 2.5% in October

Alrededor de 280,000 agricultores de la región La Libertad, representados a través de las Juntas de Usuarios de Agua, decidieron agruparse como Asociación de Usuarios de Agua de La Libertad, alejándose de la ya conocida Junta de Nacional de Juntas de Usuarios con sede en Lima.

19:05 | San Martin de Pangoa (Junin region), Dec. 14.

Peru's farming GDP may have increased between 2% and 2.5% last October, Agriculture and Irrigation Minister Jose Manuel Hernandez projected Thursday.

Such expansion may be explained by the good performance of livestock subsector and agro-exports.

"The livestock subsector has been growing and the agro-exports, too," Hernandez expressed.

In this sense, the cabinet member estimated farming GDP will close the year with a growth rate ranging between 2.8% and 3%.

"Farming GDP will go up between 2.8% and 3%, despite Coastal El Niño phenomenon impacts at the beginning of the year," he said.

Likewise, Hernandez forecasted farming GDP will expand above 3% in 2018.

"The fact that there will be no El Niño phenomenon, rains or floods will contribute to this expansion […]," he concluded.

(END) MMG/FPQ/JAA/MVB

Published: 12/14/2017

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Peru: Farming GDP may have expanded 2.5% in October

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