High investments in Peru's poultry sector
Peru's agricultural sector weathered the tough conditions in 2009 better than those of many of its Latin American neighbors, including that of the poultry sector, reports Companies and Markets.
In December, agriculture minister Adolfo de Cordova said Peru's agricultural GDP was expected to grow by 2.5% year-on-year in 2009. Considering the poor world economic conditions and the poor weather that hit agricultural production across much of South America, the turnout could have been a lot worse.
Peru's poultry sector has also seen high levels of investment over the past decade. Poultry production is by far Peru's most valuable livestock sub-sector. The value of poultry production is worth more than that of pork and beef combined.
From 2000-2008, poultry production grew by 61.8%. In the first 10 months of 2009, despite the economic slowdown, production grew 7.3% to 768,760 t.
Over the forecast period, continued strong growth in production is expected and forecast annual output to reach 1.22 mln t in 2014, up 30.4% on the 2009 level. Despite the overall rosy outlook for poultry, there are still issues holding the sector back. Often, poor sanitary conditions and a lack of knowledge among producers make disease control problematic.
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