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Value of horticulture industry

Value of horticulture industry


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Value of horticulture industry

According to CRI's economists in the National Statistical Service, the Philippine economy is anticipated to grow by 6.0% in 2019, supported by government expenditure, industrial production, household income, consumption, exports and the world trade.

A separate report by the same agency forecasts that the Philippines' horticulture and potted plant export will increase by 12.2% or by P18.72 billion in 2019, while imports for such products are anticipated to remain stable. According to the department, about 85% of Philippine imports are supported by duty-free importation.

In addition, the economy will witness strong growth of 6.9% in 2020, supported by a 7.6% growth in agriculture production, significant increase in government expenditure of 11.2%, industrial production of 8.5% and consumption of 12.8%.

In January 2020, the Philippine Economic Association released its latest forecast which indicates that the Gross Domestic Product (GDP) in 2020 is estimated to grow by 7.8%, driven by a healthy and uninterrupted economic expansion due to the bright macroeconomic environment. They also noted that this is expected to be driven by strong domestic demand and strong global demand, benefiting from the output growth of major Asian economies. However, they also announced that trade policy measures will not be implemented yet in order to avoid adverse impact on the economy.

Technology

Phloroglucin is extracted from red poinsettia (Euphorbia pulcherrima Willd.), a South American plant. Extract from the plant's skin, known as phlorotannins, has been used for many years in cosmetics, pharmaceuticals and food coloring due to its natural antimicrobial, anti-inflammatory, antioxidant and antifungal properties.

Controversy

The chemical industry and the food industry have been highly criticized over the years regarding the use of phloroglucin. They are against the use of phloroglucin because it has been found that it has carcinogenic properties.

Phloroglucin has also been shown to cause blindness in laboratory rats. The studies have been done on phloroglucin's effects on the development of eyes and the optic nerve. There are no conclusive studies yet on humans. However, these studies are being conducted in order to gauge the safety of using phloroglucin.

References

Category:Phloroglucinols

Category:Glycosides

Category:Organic red dyes

Category:Acetate esters

Category:Food colorings

Category:Polyols

Category:Phenolic human food constituents

Category:Benzyl compounds

Category:Benzoate esters

Category:Triketones


Watch the video: Horticulture Value Chain introduction film