CFA holds year-end conference

CFA holds year-end conference

by Joy Kristel Orzales, CFA on January 4, 2013 - 4:18 pm

Growth in the agriculture sector is seen to improve 2.5 to 3.5 percent in 2013, said an expert at the UA&P Center for Food and Agri Business (CFA) in its year-end conference last December 6.

Steven Cua of Philippine Amalgamated Supermarkets Association, Inc. talks about the food retail industry. Photo by Joy Kriztel Orzales

Steven Cua of the Philippine Amalgamated Supermarkets Association, Inc. talks about the food retail industry. Photo by Joy Kristel Orzales

CFA Director Dr. Rolando Dy said possible growth drivers are the increased budget for agricultural programs, improved confidence in government, and higher demand due to the coming elections. The figures he cited are highly conservative compared to the government’s forecast of 3.5 to 4.5 percent.

Dr. Dy also noted that the challenges this year include the collapse in global commodity prices, the strengthening of the peso, technical smuggling, and weather disturbances.

Officials from government and the private sector, as well as academics, attended the half-day conference. The event carried the theme “Philippine Food and Agriculture: On Track for Growth?”

Other speakers included Rey Marc San Juan of Max’s Group of Companies, Yvonne Agustin of the United Coconut Associations of the Philippines, Mary Ann Sayoc of the East-West Seed Company, and Steven Cua of the Philippine Amalgamated Supermarkets Association, Inc. A paper by Alexander Valoria of Tagum Agricultural Development Company was also read in the event.

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