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PHILIPPINES AND QATAR TO PARTNER ON $500M INTEGRATED DAIRY PROJECT

The Philippines, through the Department of Agriculture (DA) and the Department of Trade and Industry (DTI), has partnered with Baladna Qatar Public Shareholding Company (QPSC) for the establishment of a $500m integrated dairy facility in the Philippines. “The DA, through the National Dairy Authority (NDA), fully support and welcome this new initiative as this will help jumpstart catalytic investments in the Philippine dairy industry to contribute to food security, local milk production and processing leading to agri-industrial development,”​ said DA secretary William Dar, who was meeting with DTI secretary Ramon Lopez and Baladna independent board member Aidan Tynan in Dubai, UAE. In his presentation, the DA chief reported the majority of the country’s annual dairy requirement is supplied by importers and processors, as the Philippines is a big importer of dairy products, particularly milk powder. He added that, in 2020, the Philippine dairy industry was characterized by increasing local milk production and decreasing imports and exports of milk and dairy products. The local milk production reached 26.71m liters, an increase of 9.5% from 24.38m liters in 2019. The project will increase local milk production by 120m liters to 146.71m liters, contributing to addressing the local demand of 2.93bn liters, of which bulk is imported. “The investments will be able to generate 2,000 new jobs during the initial phase of its first full year of operations, providing significant opportunities for domestic employment,”​ said Dar.