- Posted August 20, 2014 by
- China to APEC: Push for free trade
- Obama: Subsidize clean energy production UNITED States President Barack Obama has urged governments to provide tax incentives for the production of clean energy, and to finance research and development for green initiatives. During a forum at the Asia-Pac
- Actions on Climate Change boost businesses - Obama
- PH president welcomes EDCA
- PH, U.S. to enhance defense alliance
Philippines to boost cacao production
"We are trying to jump-start the cacao industry in Mindanao because of the diminishing supply of cacao in the world market, and Mindanao has a very big chance to catch up to be a big supplier of cacao," Antonino said.
She noted that it was only in the 1960s when Mindanao started planting banana trees.
“Now we are one of the major suppliers of banana and we intend to do that with cacao as well,” she said.
Antonino also said they are planning to intercrop cacao trees among the region’s two million hectares of coconut trees.
She said planting cacao trees in 5 percent of the total hectares of coconut trees will mean 100,000 hectares of cacao and that will have a big share in the market, adding that the initiative will create 1,000 jobs for the people of Mindanao.
Antonino also announced that Mindanao is ready to break India's record in planting the most number of trees in an hour.
India has a record of 1.9 million trees planted in one hour and Mindanao aims to plant 4.6 million trees in an hour on September 26.
One million of these will be cacao trees, she said.
The Aquino administration has said it intends to carry out a targeted approach to improve the lives of the people in the agriculture sector. One of its major thrusts is intercropping to boost the productivity of farmers.