The province of Davao Oriental has allotted a P500Million to improve the 5,000 hectares planted to palm oil by the indigenous Mandaya population of Cateel town in their bid to become a leading palm oil supplier in Mindanao market.
Ednar Dayanghirang, the chief of staff of Governor Nelson Dayanghirang, said on a phone interview on Friday, that the budget will be loaned to them by the Development Bank of the Philippines.
He said the DBP will also loan about P1.1 billion to be used for the maintenance of the plantation.
“DBP is more than willing to assist the province through the loans as they have previously administered three loans in Mindanao intended for the palm oil industry,” he said as he cited that the projects where the loans were used were noted to be successful.
Dayanghirang said that here are two types of mills that will be established in Cateel, these are the crude oil mill and the refinery mill.
“The crude is not yet edible, you still have to sell that to a refinery mill but with new technology now allows us to already put together refinery and crude palm oil in the 5,000 hectares,” he added.
He said that currently about 80 percent of the palm oil in Mindanao market is imported.
According to Dayanghirang that by May, feasibility study of the project will be reviewed and studied and within this month they are scheduled to meet with the mayors of Cateel, Banganga, and Boston to tackled the official agreement.
“With estimated P40, 000incomes per hectare per season which are done twice every two months, about 300 Mandaya families will be benefited and involved in the planting and their other family members are assured of employment priority in the mill as well,” he said.
Dayanghirang said they look forward that the palm oil industry will provide steady revenues and employment for their indigenous people for at least 25 years.