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BANANA INDUSTRY
Banana is the leading fruit grown in the Philippines and a consistent top-dollar earner. Its prospects in the domestic and foreign market continuously increase as demand for fresh and processed banana is on the rise. While the Cavendish variety constitutes the bulk of export earnings for bananas, the cardava variety is gaining a niche as a banana chip as another emerging export winner.
The banana industry specifically the cardava variety is one of the priority industries of Davao Oriental due to its high growth potential. Based on projections, cardava banana chips export performance will grow at an average of 10% per year; the local market for cardava in urban centers is growing as alternative healthy snack food such as banana cue, fried banana, turon, etc.; and, domestic demand for lakatan and latundan (both table bananas) is expected to increase at an average of at least 3% per year.
Based on the record, Davao Oriental has 27,931.00 hectares of areas planted for bananas and it has an average production of 16.5 metric tons/ha/yr.
Quick Facts
Total Land Area 516,446 ha
Total Agricultural Area 315,600 ha
Total Area Planted to Abaca 4,761.93 has
Total No of Farmers Involved 5,736
Areas Into Abaca Planting Province wide
Average Yield/Ha/Yr (Kgs) 950-1,200 Kgs
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
Existing Players
Banana farmers
Banana traders/ consolidator
Banana chips processors
Micro banana processors (local snacks or
kakanin)
Private Cavendish plantation
Anflocor plantation (banana exporter)
Financing institution for banana farms
Existing Facilities
Banana chips processing plants
Banana chipper maker