Andina

Peru: Farming GDP may have expanded 2.5% in October

Agroexportaciones.Foto:ANDINA

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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