Hog and poultry producers in the country are up in arms over a recent decision by the government allowing a Thailand-based agribusiness company to operate a multi-billion peso integrated facility in the country.
“All our hard work, blood, sweat and tears will be put to waste if the Thai company is allowed to operate here. It will not only kill the business of local producers who worked very hard for many years but will also be detrimental to the national economy,” a local producer, who requested anonymity, said.
The Board of Investments (BOI) released a decision recently allowing Charoen Pokphand (CP), a large agribusiness enterprise and Asia’s largest swine and poultry producer, to put up Charoen Pokphand Foods Philippines Corporation (CPFP).
CPFP has been given the green light to build a P2.32-billion integrated hog facility that will produce 3,647 metric tons of slaughter hogs, and six huge poultry farms, with an annual parent stock capacity of 25,453 heads producing 21,847 metric tons of chicken. “What we are complaining is that CPFP, a foreign company, was given the license to operate a facility in our country with multiple tax incentives, including tariff-free importation of feeds and equipment. Local producers were not given these same incentives at all,” the local producer said.
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