PCA, AMPI, LMC to produce EU compliant coco oil
Ares Merchants Philippines, Inc. (AMPI), Philippine Coconut Authority (PCA) and Limketkai Manufacturing Corp. (LMC)
signed a Memorandum of Understanding (MOU) among the three entities they represented recently.
The PCA, AMPI and LMC agreed that the parties involved would produce mosh moah free or EU spec compliant crude coconut oil to be refined by first Philippine owned refinery in Europe.
The PCA is primarily tasked to develop cooperatives and copra farmers by educating them and through technology sharing while LMC is to provide transport and other necessary logistical support to the coconut farmers.
The AMPI is responsible for the procurement of a minimum of 4,000 metric tons (MT) of mosh moah free copra monthly in Cagayan de Oro (CDO) or particularly LMC at market price through the Limketkai Oil Mill and sell it to its own refinery in Europe.
ADVT.