Philippines' agriculture department plans to build 17 specialized ports for reduced food prices and improved logistics at a P40.5B budget.

The Philippines' Department of Agriculture (DA) plans to construct 17 specialized ports for agricultural shipments, costing approximately P40.5 billion ($795 million). Targeted locations include Mindoro, Negros, and Batangas. The initiative aims to enhance logistics and reduce food prices, potentially decreasing fertilizer and feed costs by 5-15%. The DA encourages private sector investment to share risks and improve infrastructure efficiency.

September 18, 2024
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