MANILA, Philippines — The Land Bank of the Philippines is supporting pineapple production in South Cotabato with a P212.8-million loan.
Landbank signed a loan with the Laconon 100 Multi-Purpose Cooperative (LMPC) to finance the co-op’s pineapple production and agricultural modernization efforts, to help sustain the growth of the local pineapple industry in the province.
The financial support is expected to boost the production of pineapple farms managed by LMPC, with a combined area of over 1,400 hectares in the municipalities of T’boli, Surallah, Lake Sebu and Banga.