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  • Could a new palm oil refinery in Mindanao help advance the industry?
  • JORDEENE B. LAGARE Garcia Refinery Corp. (Gareco) has started construction of its P600-million palm oil refinery in Soccsksargen, the first of its kind in Mindanao, that could help advance the local industry.
  • Is the palm oil refining industry a highly concentrated industry?
  • Therefore, the findings of HKI α = 0.6 in this study imply that the palm oil refining industry is a highly concentrated industry as reflected in the small values of HKI in the observation years. This result is consistent to that of the condition of the palm oil refining industry as the market power is held by only a handful of large firms.
  • Why was the first palm oil refinery established in Soccsksargen?
  • “The establishment of the first palm oil refinery in the Soccsksargen region underscores the immense potential for growth and development within the palm oil sector,” Agriculture Secretary Francisco Tiu Laurel Jr. said.
  • Where are palm oil refineries typically located?
  • Palm oil refineries are typically located close to ports from which the palm oil can be shipped to other destinations. Wilmar, for instance, owns shipping companies such as Yihai Kerry International Trading Co. Ltd which transport palm oil and other related palm oil products around the world.
  • Why is gareco launching a refinery mill?
  • “The refinery mill is expected to make oil palm products more accessible and affordable for the local market, and serve as a stable source of income for oil palm growers from Sultan Kudarat and Maguindanao,” the bank added. Gareco had formed partnerships with 63 farmers to manage 3,065 hectares (ha) of farm land planted to palm oil trees.
  • Will da proactively 'nurture the growth and development of the palm oil industry?
  • Tiu Laurel expressed the DA’s commitment to proactively “nurture the growth and development of the palm oil industry” after the five-year Palm Oil Road Map has recently been updated to support the industry.