Connect with us

Hi, what are you looking for?

Stock Markets

FTI-managed food hub planned for BFCT Marikina

BFCT BAGSAKAN FACEBOOK PAGE

THE Department of Agriculture (DA) is looking to put up a food hub in Marikina City within the BFCT Bagsakan Center, which will be managed by Food Terminal, Inc. (FTI).

In a statement, the DA said that negotiations are underway for either a joint venture or long-term lease on a one-hectare property at the Bagsakan Center site.

“We lack food terminals — places where buyers and sellers can transact at a wholesale level. This food hub will be part of the DA’s logistics roadmap,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. said.

The DA said the Marikina food hub will feature cold storage and dry warehouses.

“While the management of these food hubs will fall under the purview of Food Terminal, Inc., a KADIWA component will be integrated into their operations,” Mr. Laurel said.

The Kadiwa program enables farmers and small businesses to sell their produce direct to consumers through designated Kadiwa sites, pop-up stores, mobile stores, or online.

“These hubs will serve as vital platforms where farmers and cooperatives can directly bring their produce, facilitating transactions with wholesale buyers and individual consumers alike, all while offering agricultural products at competitive prices,” he added.

The DA said a network of food hubs will enhance the efficiency of agricultural supply chains, ensuring sufficient supply of affordable produce, especially in areas where demand is high. — Adrian H. Halili

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock Markets

PANGILINAN-LED PXP Energy Corp. is gearing up to boost its ownership in Forum Energy Ltd. The move comes after its board of directors greenlit...

Finance

<?xml encoding=”utf-8″ ?????????> Lorries carrying perishable goods such as meat, cheese, and cut flowers from the EU are experiencing delays of up to 20...

Finance

<?xml encoding=”utf-8″ ?????????> The UK’s unemployment rate has climbed to its highest level in nearly a year, as the number of job vacancies continues...

Finance

<?xml encoding=”utf-8″ ?????????> Chancellor Jeremy Hunt has urged regulators to rigorously scrutinise Daniel Kretinsky’s proposed £3.6 billion takeover of Royal Mail, amidst concerns about...

Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Captain Of Success. All Rights Reserved.