Paraguay presented to the FAO its investment plans to strengthen dairy, aquaculture and banana production

Paraguay presented to the FAO its investment plans to strengthen dairy, aquaculture and banana production

Asunción, IP Agency.– The Minister of Agriculture, Carlos Giménez, presented this Tuesday before the FAO Investment Forum the investment plans that seek to be financed by the international organization. The projects aim to strengthen the dairy, aquaculture and banana production chains in Paraguay.

The minister explained that in the dairy chain the objective is to increase the volume of raw milk supply and improve the modernization of the chain, to grow in the domestic and foreign markets.

For this, the genetic and productive improvement of 23,000 heads of livestock is projected, the strengthening of the productive and associative capacity of 100 producer organizations, the modernization of productive equipment, infrastructure and transportation for 4,950 productive units and the recovery of soils and improvement of pastures. and forage under a climate-smart approach in 7,910 hectares, as well as the modernization and equipment of 100 collection centers with eco-efficient technology.

For this, a total investment of 47,980,708 dollars is projected, which seeks to be financed by the FAO Financing Fund.

Regarding the aquaculture sector, he indicated that the projection is the construction of 1,287 eco-efficient aquaculture ponds for fattening native species, the provision of infrastructure and machinery for 1 balanced food processing plant, the provision of 6 transportation systems (conventional and refrigerated ) and the improvement of infrastructure and technology of university laboratories, as well as the improvement of infrastructure of a regional collection center that brings together production. For this sector, the projected investment is about 50 million dollars.

Regarding the banana sector, the minister explained that the Government’s objective is to increase the productivity of the chain through its modernization and modernization, as well as expand participation in national and international markets, consolidating the Chilean market and expanding the presence in Brazil. and Argentina.

To this end, it is planned to increase productivity in 5,500 hectares of crops by improving climate-smart practices and farm management tools, installing technical irrigation systems for efficient management.
of water for 1,500 hectares, build and provide 2 flour processing plants to expand agroindustrial capacity for the national and international market and structure and implement a Market Development and Intelligence Strategy. In this area, the planned investment is about 12,760,475 dollars.

The total cost of Paraguay’s investment proposals is approximately USD 110.7 million, with an estimated average internal rate of return (IRR) of 18.3%.

If these projects are financed, a positive impact is expected on the economy of some 150,0000 direct and indirect beneficiaries of these programs.

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