The Board of Investments (BOI) of the Department pf Trade and Industry (DTI) has approved the P1.33-billion project of Biotech Farms, Inc. that is designed to expand its hog production.
BOI said Biotech Farms would add 2,500 sow-level piggery farms in its swine facility in South Cotabato. The expansion project will boost by 48% the firm’s annual swine production from its he current swine production capacity of 114,400 hogs (11.44 million kg.).
Biotech Farms will have an additional capacity of 54,600 hogs (5.46 million kg.), increasing its annual production to 169,000 hogs (16.9 million kg.).
BOI said the expansion project would also put up “state-of-the-art facilities with the latest pig production system similar to what is implemented in the United States and Australia” to ensure healthy and efficient hog production.
“Once operational, the project will help in the arrest of the continuously increasing pork importation,” the BOI noted.
Since last January, consumers have been facing high pork prices due to the lack of local production in the wake of the African swine fever infestation.
Biotech Farm’s new facility will be operational by April 2022, the BOI said.
The Department of Agriculture reported that the country incurred a deficit of 130,000 metric tons of pork last year, as demand reached 1.25 million metric tons (MT) while supply was only at 1.12 million MT.
Records show that annual growth of local hog production averages 2.5%, while pork importation grew at a faster rate of 7%.