MOU on crude coconut oil export to Europe

MANILA, Philippines — The Philippine Coconut Authority has inked a memorandum of understanding with Ares Merchants Philippines Inc. (AMPI) and Limketkai Manufacturing Corp. to jointly produce mosh moah free or EU-compliant crude coconut oil to be refined by the first Filipino-owned refinery in Europe.

The PCA will share technology while LMC will provide transport and other necessary logistical support to the coconut farmers.

AMPI is responsible for the procurement of a minimum of 4,000 metric tons of mosh moah free copra monthly in Cagayan de Oro through the Limketkai Oil Mill and sell it to its own refinery in Europe.