11-12-2012 08:39 AM | Philippines

Invest more in agriculture sector, PH urged

The Asian Development Bank has urged the Philippines and its neighbors to invest more in agriculture, saying that food production must increase to avoid supply shortage and steep price increases over the medium term.

The ADB made the call given projections that rural population in many countries, including the Philippines, would start exceeding urban population in 2015. This means fewer and fewer people will be working in the agriculture sector but more will be dependent on it for food.
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