Agriculture
Accordingly, food crops dropped from 5.0 percent in 2011 to 3.2 percent last year,export crops saw a fall to -9.1 percent in 2012 up from 3.0 percent 2011,while livestock increased to 5.3 percent 2012 up from 2.8 percent in 2011.
- July-october, 2013-14: Import Of Agriculture Machinery, Tools Fall 61 Percent
According to official figures, Pakistan's import of agriculture machinery and implements fell 61 percent to $20.122 million during July-October period of the current fiscal year. According to Pakistan Bureau of Statistics (PBS) report, import of agriculture...
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- Tomato Price Registers Record 84 Percent Hike In July
September 03, 2013 Price of tomatoes increased by 84 percent in July as compared to June 2013. Heavy rainfall and flood in various parts of the country are said to be the factors behind low tomato yield leading to its import and thus a higher price, says...
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July 14, 2013 Pulses import fell 20 percent during 11 months of fiscal year 2012-13 as traders had stopped placing global orders for the commodity anticipating a "big" yield in the country, importers say. Importers continued speculating on the country's...
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Agriculture
Uganda: Agriculture Earnings Drop
Kampala ? The agriculture sector's contribution to real Growth Domestic Product-GDP fell by 1.7 percent to 3.0 percent in 2012 up from 4.7 the previous year and 5.0 percent in 2010, Statistics from National Institute of Statistics indicate.
With the country's real GDP growing at 8.0 percent in real terms in 2012, agriculture comes behind the services sector that contributed 12.3 percent with the industry sector contributing contributing 7.4 percent.
Accordingly, food crops dropped from 5.0 percent in 2011 to 3.2 percent last year,export crops saw a fall to -9.1 percent in 2012 up from 3.0 percent 2011,while livestock increased to 5.3 percent 2012 up from 2.8 percent in 2011. Whilst,forestry increased from 2.7 percent in 2011 to 4.3 percent in 2012 while fisheries was stable at 3.0 percent dropped contributed 5.3 percent, forestry 4.3 in 2011 and 2012 respectively.
Experts attribute the fall to prolonged drought that affected most harvests in 2010 and early 2011 that saw a sharp fall in food production contribution to GDP from 9.3 percent in 2009 to 5.0 in 2011 and in second season of the year that pushed the contribution down to 3.2 percent in 2012.
"We could not get enough supply from farmers last year because their harvests were affected," Veneste Mukabudigiri, a vendor of fresh foods in Kimironko market told Business Week
Agriculture has been the country's main contributor to real GDP and pumping more than 45 percent of the country's export receipts.
But International Monetary fund projects a stronger growth in agriculture(food crops) boosted by the first harvest of the year which were good and an acceleration in foreign financed investments projects while construction and services are likely to slow down responding to tighter economic policies.
Nevertheless, with an increase 12.3 percent in the service sector contribution to real GDP, there is optimism that the economy is headed to a positive outlook that will see a shift from agro-based to service economy.
"I think this is a good shift for the economy... . Provided we have the sectors like services and industry at the fore front of development then we are sure of sustainable growth which translates into increased revenues to finance the national budget and increased employment," Davis Mukiza, a private Consultant said
Indeed, the increased investments in transport and communication, hotels and restaurant, whole sale and retails and health has resulted an a positive performance to GDP of 19.5 percent ,7.8 percent ,12.5 percent and 10.6 percent respectively.
Source: allafrica
- July-october, 2013-14: Import Of Agriculture Machinery, Tools Fall 61 Percent
According to official figures, Pakistan's import of agriculture machinery and implements fell 61 percent to $20.122 million during July-October period of the current fiscal year. According to Pakistan Bureau of Statistics (PBS) report, import of agriculture...
- Tobacco Export Surges By 197 Percent In 2013
The country's export of tobacco shot up by 197 percent to $5.247 million during July-September 2013, according to official statistics. The export of tobacco was mere $1.767 million during July-September 2012 which grew by $3.48 million during the...
- Tomato Price Registers Record 84 Percent Hike In July
September 03, 2013 Price of tomatoes increased by 84 percent in July as compared to June 2013. Heavy rainfall and flood in various parts of the country are said to be the factors behind low tomato yield leading to its import and thus a higher price, says...
- Pulses Import Falls 20 Percent During 11 Months
July 14, 2013 Pulses import fell 20 percent during 11 months of fiscal year 2012-13 as traders had stopped placing global orders for the commodity anticipating a "big" yield in the country, importers say. Importers continued speculating on the country's...
- Pakistan Seafood Exports Up
Exports of fish and fish preparations witnessed increase of 2.48 percent during the first eight months of the current fiscal year as compared to the corresponding period of last year. Overall exports of fish and fish preparations were recorded at $199.949...