Mindanao food exhibitors closed US.3M total income in IFEX

June 4, 2013 10:22 pm 

MANILA, June 4 -– Food exhibitors from Mindanao had total sales of US$ .3 million in the International Food Exhibit (IFEX) 2013.

According to Mindanao Development Authority (MinDA) Investment and Public Affairs Office Director Romeo Montenegro, 100 out of 700 exhibitors in IFEX are from Mindanao, a first that the region brought large number of exhibitors.

These exhibitors earned US$ .7 million during the four-day exhibit while US$ .64 million is the projected sales orders after the food expo.

“These figures do not yet include the sales generated by other Mindanao-based companies which decided to set-up exhibits outside of the Mindanao Pavilion during IFEX,” explained MinDa Chairperson Luwalhati Antonino.

She added the income gained by the exhibitors is proving that Mindanao food products have a good position in the international market.

Among Mindanao’s top selling products in IFEX were:-Northern Mindanao’s soya;-Zamboanga Peninsula’s seafood, particularly sardines and seaweed-based products;-Davao Region’s fruits, cocoa that supplies cocoa products to top chocolate manufacturers abroad, coconut sugar which has export market in Japan, Korea, Malaysia, and USA;-Central Mindanao’s organic rice which is exported in Dubai and Hong Kong, and other agri-based products;-Southern Mindanao’s processed fish; and-Autonomous Region in Muslim Mindanao’s coffee, made from alamid and considered as one of the most expensive classes of coffee.

Sixty percent of Mindanao products buyers were local businesses while forty percent were foreign buyers.

Foreign buyers from United States, Singapore, Korea, Europe and Iran showed interest to import the region’s products.

IFEX is the largest food showcase demonstrating food from different parts of the country, also participated by Asian countries and US. (PNA)

DSP/KMC/UTB

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