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Filipino government must spend P4 bln to increase banana output

Industry players demand that the Filipino government should invest at least P4.088 billion (€70 mln) over the next four years to bankroll interventions that will increase local banana production and maintain the nation’s position status as one of the leading banana growers in the world.

Experts from the banana sector want the government to set aside P2.541 billion for the proposed Cavendish industry action plan. It also calls for the allocation of P741 million and P806 million for the lakatan and saba industry plans, respectively.

The action plans for the three banana varieties outlined interventions that will expand and rehabilitate plantations that were affected by Fusarium wilt and improve yield and quality and reduce wastage through the establishment of post-harvest facilities.

There is a banana industry roadmap; its goal is to ensure that Philippine bananas and banana-derived products “consistently meet world quality standards with good productivity, sustainable production practices, thus ensuring economic viability for its stakeholders.”

Source: businessmirror.com.ph


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