Recently Released Market Study: Philippines Agribusiness Report Q3 2012
BMI View: As an indication of the government's increased focused on the agriculture industry, the Department of Agriculture's budget for 2012 has been increased significantly. The PHP48.7bn (US$1.1mn) is more than 60% higher than the year before.Most of the funds will go into developing and improving rural infrastructure as well as improving on farming infrastructure such as farm-to-market roads and host-harvest activities. BMI believes that this will pose upside risks to production estimates especially for key crops such as rice...
View full press release