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%.
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.