Charoen Pokphand Foods subsidiary in joint effort to aid Philippines swine industry
Charoen Pokphand Foods Philippines Corp (CPFPC) is partnering with the Development Bank of the Philippines (DBP) and the Department of Agriculture (DA) to support the country s swine industry.
In a statement, the DA said a memorandum of agreement was signed on May 20, 2021 between the DBP and CPFPC for the implementation of the Swine Rehabilitation, Repopulation and Recovery Credit, or Swine R3 programme.
The programme aims to finance bio-secure farm projects and support government efforts to help the local swine industry, which has been adversely affected by the African swine fever (ASF) since the first case was reported in August 2019.