MAMBAJAO, Camiguin, March 30 (PIA) – A confab attended by cacao cluster stakeholders was organized recently in Camiguin to inspire industry players and stakeholders to rev up the market.
Some 30 existing and potential cacao farmers attended the forum organized by the Department of Trade and Industry (DTI) and Mambajao Municipal Agriculture Office (MAO) which presented the cacao global industry profile/roadmap, government support/assistance, financing options, among others.
The activity likewise highlights the impacts of cacao industry in terms of countryside development through inclusive growth and poverty alleviation translated in terms of jobs, livelihood opportunities and income augmentation of cacao farmers and processors.
DTI said cacao is one of the priority industry clusters in the province and the that the confab is organized in the height of the growing demand for cocoa products both locally and around the globe giving rise to the Philippine Cacao Challenge 2020.
The increasing demand in chocolate and cocoa products (paired with a dwindling supply of cacao due to an array of farming challenges), a shortfall is expected in the year 2020.
Statistics show that for the Philippines alone, the local consumption is at 50,000MT annually, but the local supply is pegged only at 10,000MT, making the country a net importer and this looming deficit has given rise to the Philippine Cacao Challenge, which commits the Philippines to producing 100,000MT by the year 2020 and onwards.
DTI added that Mindanao accounts for 90% of the Philippine cacao production, with 80% coming from the Davao Region alone and Northern Mindanao with only 5%. (Zita M. Abellare with reports from Hazel Emphasis, DTI-Camiguin/JCV/PIA)