Philippines: islands of opportunities

Even with the current situation right now in which the country is being flooded specially in Metro Manila area due to monsoon rains - still the country's economy is doing well.


A BOOMING economy and growing middle class provide fertile ground for increasing beef and lamb exports to the Philippines.
The Philippines has developed rapidly in recent years, and is projected to become the largest economy in South-East Asia - and 16th largest in the world - by 2050.

Australian beef exports have grown five-fold to the island nation since 2005. In 2011, Australia’s beef exports to the Philippines totalled 19,800 tonnes swt, while lamb exports were 411 tonnes.

Beef consumption is currently estimated at 4kg per head (compared to 34kg in Australia). Local production accounts for 60 per cent of consumption; however, the shortfall from local production continues to grow.

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Article courtesy of farmweekly