BOI OKs P2-B dairy products, plant-based beverage maker

By Kris Crismundo

May 20, 2024, 7:48 pm

MANILA – The Board of Investments (BOI) has approved the PHP2-billion project of Metro Pacific Dairy Farms, Inc. (MPDF) for an integrated dairy farm and processing facility in Bay, Laguna.

The BOI said in a statement Monday that the facility will produce high-quality dairy and plant-based beverages, boosting the local dairy production.

MPDF’s Laguna facility operation will start in March 2025.

“We at the BOI are excited about the introduction of advanced dairy farming technology, which promises to deliver superior quality and production efficiency while significantly boosting local dairy and plant-based beverage production,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said.

The BOI said the integrated dairy farm will house 1,000 cows to produce 6.5 million liters of raw milk annually.

“This initiative is a crucial stride towards enhancing our food security and reducing our dependency on imported milk. Achieving greater self-sufficiency in our dairy supply likewise ensures that Filipino consumers have access to fresh, high-quality local products,” Rodolfo said.

Data from the National Dairy Authority showed that the country imports 99 percent of dairy, with a total demand of 2.93 billion liters.

On the other hand, the BOI said there is an increasing interest for plant-based beverage, which local production capacity is estimated at 24.4 million liters.

“MPDF's project is expected to boost this capacity by 12 percent, reaching 27.4 million liters per year and enabling the local supply to meet 95 percent of the forecasted demand of 28.8 million liters by 2025,” BOI said. (PNA)