Monday, February 05, 2007
Banana industry targets $4.5-B export in 2010
DAVAO Region's banana industry is targeting to generate a total of US$4.5 billion export until 2010, the highest among the eight priority industry clusters adopted by Davao Regional Development Plan (DRDP 2004-2010).
From 2004 to 2005, the industry has generated US$1.33 billion export sales. It gained US$617 million in 2004, while a total of US$713 million was generated in 2005.
The industry has also the highest target employment until 2010 with 150 jobs.
However, from 2004 to 2005, employment generated by the industry for Davao Region already exceeded.
A total of 20,923 jobs were monitored by the regional office of the Department of Trade and Industry (DTI) as of 2005.
This was attributed to the increasing number of farmers who engaged themselves in banana planting, also to the program expansion of the Department of Agriculture (DA) that develops land for agri-business.
A huge increase was also noted for the banana industry job generation from 2004 to 2005.
DTI monitoring showed a total of 4,955 jobs were generated by the industry in 2004, while a total of 15,968 jobs was already monitored by the agency in 2005.
The jobs generated by the industry will still continue to increase for the next coming years since it was reported that a lot of rice farmers will shift to plant banana. (JGRS)
For more Philippine news, visit Sun.Star Manila. For Bisaya stories from Davao. Click here. (February 5, 2007 issue)
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