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The Davao Oro forum encourages investment in the coconut industry

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The Davao de Oro investment Conference (DDOiCON) was held here on Tuesday by the Department of Trade and Industry in Davao Region (DTI-11) in an effort to draw investments to the province, notably in the coconut industry.

The two-day conference promotes a number of important investment opportunities in the logistics, poultry farming, and coconut industries in addition to other industries.

This year’s conference, according to lawyer Lucky Siegfred Balleque, DTI-Davao de Oro provincial director, highlights various market potential for products derived from coconuts and is distinguished by the presence of a Chinese business counselor headquartered in Beijing.

“Additionally, a market match between Chinese customers and regional coconut farmers or processors will be enabled. This is done to encourage and motivate our coconut farmers to produce high-quality coconut goods in sufficient quantities, improving their lives in the process “explained Balleque.

Balleque stated that the DDOiCON hopes to help 60 investors, produce investment leads worth PHP500 million, and generate PHP200 million in domestic sales.

The Philippine Coconut Authority’s (PCA) William Moralta said the event will support coconut farmers in particular in exploring value-adding to their products.

“Actually, we’ve already begun production on a number of additional items, including copra, virgin coconut oil, coco sugar, coco water, and coco husk. They will be able to locate their market thanks to this “said he.

Around 35,712 farmers grow coconuts on a total of 67,174 hectares of land in Davao de Oro.

According to DTI-Davao de Oro data, 249,844 metric tons of coconuts had been gathered in the province this year.

The forum has so far taught them the concept of adding value to their products, according to Demy Calsadora, chairperson of the Small Coco Farmers Organization in Compostela town.

Our focus had previously been limited to copra and coco juice, but this time, he continued, “we realized that there are considerably more beneficial goods from coconuts.”

According to Calsadora, the occasion gives them a platform to voice their worries, such as the rising cost of agricultural inputs.

According to DTI-11 Director Maria Belenda Ambi, the province’s annual investment conference brought in investments totaling PHP1.2 billion between 2016 and 2019.

She did, however, observe a decline in investment in 2020–2021 during the pandemic’s onslaught because of different government restrictions and lockdowns.

The improvement of Davao de Oro’s economy and the creation of jobs are our main goals, Ambi remarked.

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