Charoen Pokphand Foods Philippines Corp. to invest $1 billion in hog production expansion

Agriculture Secretary Francisco Tiu Laurel Jr. announced that Charoen Pokphand Foods Philippines Corp. (CPF) plans to invest $1 billion over five years to expand its hog production capacity in the Philippines.

This expansion is expected to help the country restore its swine population to pre-African Swine Fever (ASF) levels by 2028.

CPF aims to increase its hog production from the current 1.3 million heads to seven million by 2030, with significant portions allocated to Luzon, Visayas, and Mindanao.

As part of the plan, CPF is considering nine locations for agro-industrial complexes, each costing approximately $125 million and including feed production and hog processing facilities.

These complexes will require substantial corn production, needing an estimated 5,000 hectares of land for feed plants that can produce around 10,000 tons monthly.

Laurel highlighted that CPF's initiative aligns with President Marcos Jr.'s vision for a localized food system, agricultural investment, job creation, and food security.