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Giant Thailand agri group to invest $2B in Philippines

Thailand’s largest agricultural corporation, the Charoen Pokphand Group (CP Group), is investing an estimated $2 billion in the Philippines over the next five years to produce pork and chicken both for the local and export market.

Tuesday 28 March 2017 (1 years 8 months 12 days ago)
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CP Group is already operating in the Philippines, mainly in the Luzon area, but it would like to expand its operations to the Visayas and Mindanao where the threat of typhoons is less, Agriculture Secretary Emmanuel Piñol said.

Chearavanont said CP Group has decided to pour in more investments in the Philippines because of its distinction as the only country in the whole of Asia free from Food and Mouth Disease (FMD) and Avian Influenza or Bird Flu.

The hog and chicken production project of CP Group will be divided into 10 modules utilizing about 6,000 hectares per module for the production of corn and soybeans to be used in its feed production.

This would mean a huge market for the country’s corn farmers and the introduction of soybeans production to the Philippines, Piñol said.

An estimated 2,000 workers will be employed by the new CP Group operations.

Chearavanont said he would prefer a compact area for the production of corn so that farmers could be taught the modern technology in corn farming to make them more productive.

The Department of Agriculture and Fisheries (DAF) informed President Duterte that a Technical Working Group will be organised to assist the CP Group in the identifying the areas where their new operations would be established.

The President initially suggested the provinces of Bukidnon, Saranggani, North Cotabato, Maguindanao, Zamboanga del Norte, Agusan del Sur and Del Norte as the possible sites for the CP Group investments.
 

Thursday March 23, 2017/ Department of Agriculture/ Philippines.
http://www.da.gov.ph

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