The Mindanao Development Authority (MinDA) said they pledge to advocate for the palm industry in the Philippines, seeking support through the Department of Agriculture to further strengthen the sector’s development.
During the 13th Palm Oil Congress on August 14 at Grand Regal Hotel in Davao City, Leo Tereso Magno, MinDA Secretary, said in his speech they are to discuss the matter with the DA about the current possible needs of the industry.
“Tomorrow, I will meet with the DA to discuss the possible assistance the government can extend to your industry. As a public servant, it is our duty to help you,” Magno said.
Magno said the palm oil industry could elevate the country from a marginal participant to a leading force in the sector despite the Philippines’ current position as a minor player in the global market, ranking 16th among other producers.
“The potential is clear. We can increase the yield of the industry if we optimize our advantages in good agro-climatic conditions and rich human resources,” he said.
He also called on palm oil stakeholders to work closely with the government, highlighting the benefit of farmers, providing them the opportunity for economic advancement and rural development.
Magno also noted that despite challenges such as limited land and technology, there is growing momentum among planters and growers investing in palm oil cultivation, which in the long run, could drive high-income generation and reduce rural poverty, aligning with the Marcos Administration’s development goals.
He added that a promising expansion is observed in palm oil plantations in Mindanao and other regions such as Caraga, Northern Mindanao, Central Mindanao, Bohol, and Palawan, which hold substantial potential for oil palm cultivation.
“The expansion in these regions could significantly uplift local economies, create jobs, alleviate rural poverty, and foster countryside development,” he added.
The 13th Palm Oil Congress, which runs until August 14, will cover and discuss development initiatives, technological advances, financing programs, local and international trends, and future prospects of the palm oil industry. It also aims to enhance trade opportunities, encourage product diversification, and deepen the understanding of the industry.
photo from MinDA
