DTI Central Visayas Office
Release Date: October 13, 2015
Reference: DTI-Region 7
255-0036 / 255-0037 / 412-1989 / 412-1868
dti_7@yahoo.com / dticentralvisayas@gmail.com
DTI holds Cacao Industry Techno-Investment Forum in Cebu on Nov. 17
With the growing demand for the raw material and its potential for job creation, the Department of Trade and Industry is supporting the revitalization of the local Cacao Industry.
On November 17, the DTI will hold a Cacao Industry Techno-Investment Forum, from 9:00 a.m to 4:30 p.m., at the Cebu Grand Hotel, Cebu City.
Topics for discussion during the activity include sharing of industry updates, National Cacao Industry Roadmap, Investment Opportunities in the Global and Domestic Market, Government interventions in support of the Industry, experiences of the private sector with regards to Intercropping, and Basics of Cacao Production.
Our country is well placed to supply the world with the chocolate it needs. The Philippines in general is a good place to grow cacao because it is on the Equator, the only part of the world where cacao can grow, DTI says
The department believes that with the country's perfect climate and soil conditions for cacao cultivation, not to mention a ready global market, the Philippines' potential stands to benefit many growers, retailers and chocolate makers.
Right now, Mindanao accounts for around 90% of the Philippine cacao production. Davao Region is the biggest local player producing 78% of the country's total production, according to the Philippine Statistics Authority - Bureau of Agricultural Statistics.
Though the country's contribution to the global market is miniscule, the Philippines is already exporting cacao to the United States, Singapore, New Zealand and Europe.
For more information on the forum, contact DTI Cebu at (032) 253-2631 local 204 or 0928-7825092.
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