General Santos City—The provincial government of South Cotabato is pushing for the entry of foreign investors to help expand the province’s growing oil palm plantations.
Emmanuel Jumilla, head of the South Cotabato Local Economic and Investment Promotions Office, said they have initiated discussions with potential investors for the development of more oil palm farms in parts of the province.
Jumilla said they are currently working on establishing linkages with palm oil producers in Indonesia to explore possible expansions in the area.
Last month, officials from the Indonesian consulate in Davao City offered to facilitate investments by Indonesian palm oil companies during a visit in the province.
“We’re mainly offering the development of some of our idle lands for these projects,” Jumilla said.
Based on a report from the Office of the Provincial Agriculturist, he said around 1,500 hectares of land is currently planted with oil palm.
Jumilla said they are encouraging local farmers to plant oil palm in idle lands within their farms as an alternative crop.
“We’re offering it as an option to turn vacant lands into productive farmlands,” he said.
The opening of a refinery plant in the area will be a big boost to the province’s oil palm sector as by-products of palm oil are much more expensive than raw oil palm, he added.