Up to 300,000 hectares eyed to boost palm oil production
The Department of Agriculture is looking to develop about 300,000 hectares of palm oil plantations to boost local production and reduce dependence on imports.
In the Philippines, the Department of Agriculture is aiming to cultivate around 300,000 hectares of palm oil plantations to increase local production and lessen reliance on imported supplies. Agriculture Secretary Francisco Tiu Laurel Jr. revealed that the agency has devised a plan to expand palm oil cultivation to reduce dependence on foreign imports, which currently fulfill nearly all of the country's needs.
Laurel emphasized the significance of supporting the palm oil industry through national and local government initiatives. The DA requires approximately P300 million for palm oil development in its 2027 budget, which was not initially accounted for in the agency's National Expenditure Program. They also anticipate needing around P1 billion per year for five years to foster the growth of the palm oil industry.
A broader expansion of palm oil production could potentially yield benefits in various sectors, including food production, industrial applications, and biofuel feedstock. The Department of Agriculture is also advocating for industry reforms, suggesting that the Philippine Coconut Authority should designate a deputy administrator and specialized teams to manage palm oil and coconut development more effectively.
Laurel stressed that a clearer organizational structure could expedite industry progress and grant the agency more specific responsibilities. The government is also exploring ways to boost bioethanol production using more affordable and varied feedstock.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
