DBM releases P69M to fund commercialization of copra meal

• Published date: 25 November 2022
• Publication title: Philippines News agency

The Department of Budget and Management has approved the release of around PHP69 million to fund the commercialization of protein-enriched copra meal (PECM) in order to cushion the impact of soaring feed raw materials which, in turn, would help consumers.

According to a statement on Friday, Budget Secretary Amenah F. Pangandaman said the agency approved the release of PHP69.699 million to support the Protein-Enriched Copra Meal (PECM) Commercialization Project under the National Livestock Program of the Department of Agriculture (DA) on Nov. 17.

The project aims to commercialize the use of PECM as a locally available feed ingredient that can substitute imported soybean for the benefit of Filipino swine and poultry raisers.

'In line with President R. Marcos Jr.'s instruction to put prime importance to agriculture, we will do our best to provide support and implement vital measures to boost the...