US firms eye Clark food hub

The Philippines' plan to build a national agricultural food hub in Clark, Pampanga, is expected to attract American companies interested in investing in food security, infrastructure, and technology, according to the United States (US) Department of Commerce's International Trade Administration (ITA).

- By DEXTER BARRO II

In a market intelligence report seen by Manila Bulletin, ITA stated that the proposed Clark National Food Hub presents significant opportunities for US-based agribusiness and logistics firms seeking to expand their presence in the Philippines.

ITA said that investors could utilize the food hub to "expand market presence, modernize infrastructure, and introduce global best practices in food handling, processing, and supply chain management."

Among the investment opportunities cited in the report are the development of agroindustrial and logistics infrastructure, cold chain and cold storage facilities, halal-certified food processing facilities, transport and warehousing solutions, and supply of technology and equipment.