date:Dec 17, 2018
executive director Stephen Antig said increasing export sales revenue are still recorded, however production costs are still high, negatively offsetting the increased revenues. Antig said costs on the rising oil prices must be accounted for, and the recent increase on the regions minimum wage to P56 can affect the cost of production.
Data from the Department of Agriculture Davao Region showed the countrys banana industry had a 56 percent increase in export amounting to a value of $1.13 million