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Philippines partners with CP foods to shore up swine industry

Christian Fernsby |
The Vice Chairman of CP Foods Philippines Sakol Cheewakoset and Emmanuel Herbosa, president and CEO of the Development Bank of the Philippines (DBP) signed a memorandum of agreement (MOA) to support the Department of Agriculture's efforts to revive the hog sector.

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The MOA was signed in Gerona in Tarlac of the Philippines, for the implementation of the “Swine Rehabilitation, Repopulation and Recovery Credit” or Swine R3 program. The program will finance bio-secured farm projects and thus support the national government’s efforts in reviving the local swine industry adversely affected by ASF disease.

Agriculture Secretary William Dar, who witnessed the MOA signing, said this is a welcome development for us at the DA as we pursue joint efforts to control ASF and repopulate ASF-free areas. With CPF Philippines technological expertise in modern biosecure farms and DBP’s support in providing credit assistance to eligible public and private institutions, we will be able to level up our efforts in reviving the industry.

“I am glad that we have partnered with a well-known company such as the CPFPC, showing the way to help government revive our swine industry. They have the technologies and the modern systems in managing ASF, especially when it comes to biosecurity measures. I hope the CPFPC can expand their operations in regions near the NCR, where the country’s main pork market is,” Secretary Dar said.

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