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House Minority Leader and 4Ps party-list Rep. Marcelino Libanan filed two separate bills seeking to establish two new state-run coconut oil milling and refinery plants in Eastern Samar to boost the productivity and income of local farmers.
The two plants would process raw coconuts into refined oil and other high-value coconut-based products for the domestic and foreign markets. “They are also expected to contribute in a big way to the national economy by boosting up the country’s exports of refined coconut oil,” he added. The country exported $1.115 billion worth of crude and refined coconut oil from January to July 2024, up 58.5 percent, or $411 million, from $704 million in the same seven-month period in 2023, according to the Philippine Statistics Authority.
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