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Banana Chips Market PDF Free
Banana Chips Market PDF Free
Cruz said this is good news since the worldwide snack food market
value is expected to rise up to $300 billion by 2015, with 17 percent of
that coming from the chips and crisps industry.
Cruz said there are 35 banana chip processors all over the country—25
in Mindanao, six in Luzon, and four in the Visayas— exporting to
countries like Vietnam, USA, Germany, UK and Singapore.
“As optimistic as the outlook for this industry is, it has been facing
some serious challenges these past few years that could affect
industry growth,” Cruz said during the Mindanao Banana Congress last
November 8 at the SMX Convention Center.
To address this problem, the DTI has been promoting cardava planting
to banana farmers and has started to provide financial and technical
support for cardava farmers and nursery operators.
“With these projects at hand, the DTI aims to achieve a 30% growth in
the domestic market and a 20% in the export market per years starting
2013,” Cruz said. — KBK, GMA News
- See more at:
http://www.gmanetwork.com/news/story/281947/money/phl-banana-
industry-pins-hope-on-chips-for-revenue#sthash.AUyemvAA.dpuf
More from:
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industry-pins-hope-on-chips-for-revenue
Demand also rose from traditional markets Japan and South Korea, and
new markets Indonesia, Pakistan, Jordan, and the rest of the Middle
East. Banana exports to United Arab Emirates jumped to $79 million in
2013 from $42.2 million in 2012. Japan has consistently been the
largest importer of Philippine bananas, accounting for 60% of total
fresh banana exports and 15% of banana chips exports. We are now
seeking to expand our global market, targeting Italy and Spain, as well
as Russia, the Scandinavian countries, Canada, and Southeast Asia.