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The Philippine Board of Investments approved San Miguel Foods' applications for two proposed meat processing plants in Davao del Sur and Quezon. The facilities, valued at PHP1.3 billion and PHP1.1 billion, are scheduled to be operational by January 2018 and employ about 1,127 people.
New poultry and meat processing capacity, with integrated rendering that feeds into the company's feed milling, modestly adds to regional demand for feed ingredients over the medium term but has little immediate price impact.
foodnavigator.comOscar RousseauJul 10, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
