May 27, 2021
Charoen Pokphand Foods subsidiary in joint effort to aid Philippines' swine industry
Charoen Pokphand Foods Philippines Corp (CPFPC) is partnering with the Development Bank of the Philippines (DBP) and the Department of Agriculture (DA) to support the country's swine industry.
In a statement, the DA said a memorandum of agreement was signed on May 20, 2021 between the DBP and CPFPC for the implementation of the Swine Rehabilitation, Repopulation and Recovery Credit, or Swine R3 programme.
The programme aims to finance bio-secure farm projects and support government efforts to help the local swine industry, which has been adversely affected by the African swine fever (ASF) since the first case was reported in August 2019.
"This is a welcome development for us at the DA as we pursue joint efforts to control ASF and repopulate ASF-free areas. With CPFPC's technological expertise in modern bio-secured 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," Agriculture Secretary William Dar said in the statement.
Emmanuel Herbosa, DBP president and chief executive officer, said the government would be able to elevate and expedite swine repopulation and rehabilitation initiatives that would allow the Philippines to recover its pre-ASF status.
"Through this programme, we hope to assist in the recovery of our hog industry and eventually contribute to the country's food security," Herbosa added.
Swine R3 credit programme borrowers include duly registered private enterprises and local government units (LGUs). Approved loans should be used for the construction of bio-secure swine farms and the acquisition of farm machinery and equipment. Eligible projects include swine breeder farms, swine wean-to-finish farms and consolidated swine facility projects.
"Through this partnership, we will be able to share our knowledge in helping boost a sustainable business climate not only for our company, but also for our Filipino farmer-partners," said CPFPC vice chairman Khun Sakol Cheewakoset. "Our state-of-the-art bio-secured farms enable us to be resilient from ASF, thus making our business a success. Moving forward, this will also open export opportunities for the Philippines. We assure and commit to you our continuous support in investing in the Philippines."
Dar noted that CPFPC's technologies and modern systems would help combat ASF, adding: "I hope the CPFPC can expand their operations in regions near the NCR (National Capital Region), where the country's main pork market is.
"When we rolled out the Integrated National Swine Production Initiatives for Recovery and Expansion, or Inspire programme, we emphasised the whole-of-nation approach. We galvanised support from the private sector, financing institutions, and local government units and committed to strongly implement the hog repopulation programme. We are glad that this is slowly coming into fruition."
- The Manila Times