Invest in Davao Oriental

Banana Industry

Industry Background/Situationer

Banana is the leading fruit grown in the Philippines and a consistent top dollar earner. Its prospects in the domestic and foreign markets continue to increase as consumers for fresh and processed banana is on the rise. While Cavendish constitutes for the bulk of export earnings, the cardava variety which is processed into chips is gaining its market share as the emerging export winner.

Cardava is one of the priority commodity grown in Davao Oriental because of the chips high-performance growth in export, projected at 10% average per year. Its local performance is also registering high, impacted by the campaign on health benefits derived from the chips. Other locally famous alternative snacks from cardava consist of banana cue, fried
ripe cardava & locally called“turon” are primary sources of livelihood for some families, amazingly ensuring their basic & educational needs.
Demand for other banana variety like latundan and lakatan, known as table bananas are likewise moderately increasing per year.

According to records gathered from the Office of the Provincial Agriculturist in Davao Oriental, the province has an area of 7,652.0 hectares planted to caradava with an average production of 87,425 metric tons per year with an average yield of 15.2 metric tons per hectare/yr.

Existing Players

• Banana farmers
• Banana traders/consolidator
• Banana chips processors
• Micro banana processors (ocal snacks or kakanin)
• Private Cavendish plantation
• Anflocor plantation (banana exporter)
• Financing institution for banana farms

QUICK FACTS:

Total Land Area: 516,446 ha
Total Agricultural Area: 315,600 ha
Total Area Planted w/Banana: 7,652.0 has
Total No of Banana Farmers: 9,288
Total Production Capacity (MT): 87,425.0
Average yield/Ha/Year: (MT) 15.2

Market Potentials

• Export market for first fry banana chips
• Local market for banana chips, flavored
& sweetened
• Fresh table bananas
• Banana flour, banana catsup
• Banana cake
• Banana vinegar
• Banana peel

Investment Opportunities

• Banana production expansion (cardava)
• Banana chips processing plant
• Banana flour processing plant
• Banana vinegar processing
• Banana catsup processing plant
• Commercial banana cake making
• Tissue culture laboratory
• Banana seedling nursery