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PIA Press Release

Mindanao trade performance in the upswing

by Prix D Banzon

Davao City (8 November) -- "Trade performance of Mindanao for the first quarter of 2006 made good showing" Ever Abasolo, senior economic development specialist of the Mindanao Economic and Development Council (Medco) said in a recent business forum at Café Barcellis along J P Laurel Avenue in Davao City.

He said growth rate on export was pegged at 10.73 percent with fresh banana still among the top 5 export commodities together with coconut oil (crude and refined), sintered iron ore aggregates, fresh pineapples and tuna.

The top export markets are Japan, United States of America, Netherlands, China and South Korea.

The top imported commodities on the other hand are rice, iron ore and concentrates, wheat, flat-rolled iron and kraft liner and these are sourced from Vietnam, United States of America, Malaysia, New Zealand and Brazil.

The major agricultural exports in Mindanao are coconut oil (crude and refined), banana (fresh and chips), tuna (fresh/chilled), pineapple (fresh/preserved), pineapple juice concentrate, oil cake and other residue, rubber in primary form and dessicated coconut.

Meanwhile Abasolo said that among the regions in Mindanao, Region IX was the largest producer of commercial and municipal fish during the first semester of 2006.

Aquaculture fishing was strongest in the Autonomous Region for Muslim Mindanao and its production improved by 9.83 percent during the first six months this year.

Region X registered a high growth rate in livestock and poultry at 5.79 percent that was triggered by the largest increase in chicken eggs production which was 16.35 percent. The region was also the biggest contributor of livestock/poultry production as it accounted for 26.71 percent of the total production.

The Davao region however was the largest producer of palay, corn banana and coconut for the period in review.

Region IX also was noted as the largest producer of rubber during the first six months this year but it also registered with the largest increase in coconut production with 9.59 percent from 779,000 metric tons in 1st semester of 2005 to 853,450 MT in 1st semester 2006. (PIA XI) [top]

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