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6.16.2007

COLD STORAGE BUSINESS IN THE PHILIPPINES

Here’s a business opportunity that can be found the Philippines.

Farmers need the services of ten to fifteen cold storage facilities amounting to approximately PhP3 Billion. At the current exchange rate, that translates to something like US$ 65.3 million. At the moment, the private companies providing that service is quite well and additional investments in should be beneficial for both investors and the country’s agricultural sector.

“MANILA, Philippines -- Ten to 15 cold storage facilities, worth a total of about P3 billion, are to enhance agricultural productivity, the Cold Chain Association of the Philippines (CCAP) said.

Cold chain facilities can significantly reduce post-harvest and storage losses, help exporters tap opportunities in the global market, and increase farmers’ incomes, association president Anthony Dizon said in a news briefing.”

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