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THE SOUTH KOREA – MINDANAO SECTORAL DISCUSSION AND B2B MEETINGS

The South Korea – Mindanao sectoral discussion and B2B meetings took place at the Acacia Hotel in Davao City on Tuesday, April 26, 2022. The Philippine Embassy welcomed the business delegations from Korea, led by Ambassador Kim In Chul of the Republic of Korea. The Government of Republic of Korea is eager to build partnership with the local businesses and government organizations in order to explore further business opportunities in Mindanao. FITCorea Trading PH President Philip Kim said during the South Korea-Mindanao Sectoral Discussion in Davao City that they are excited to help local farmers by customizing machineries from Korea suitable for the market areas. “When I see Mindanao, you still need a lot of development that I observe. So that is why I would like to introduce our Korea machinery in Davao City. At the same time, we are working for the customizing of the machines which is suitable for the market areas.” President Philip Kim, Fitcorea Trading Philippines, Inc. KOICA, K-EXIM, KEPCO Philippines, K-water, LX International, POSCO E&C, DLE&C, Hyundai E&C, Lotte Pepsi, FIT COREA, and local organizations in Mindanao were among the delegations who attended the B2B meeting.
 
 

PHILMECH – KAMICO CORN MILL PROJECT

A sensory evaluation of corn grits produced using PHilMech-KAMICO Corn Mill technology was conducted in Impasugong, Bukidnon on April 20, 2022. Forty-one individuals (31 males and 10 females) assessed the aroma, appearance, texture, and flavor of the cooked white corn grits. This activity is conducted under the COVID-response project, Pilot Adaptation of the PHilMech-KAMICO Designed Corn Mill for Village Level Operation led by Engr. Donald V. Mateo of the Agricultural Mechanization Division. The upland regions of Mindanao have the most area planted to corn, and the highest production in the Philippines. Corn is also grown in the rain fed lowlands, where it is planted during the dry season after the rice crop has been harvested. PhilMech’s financial analysis indicates that at Php950, 000 total investment cost for the corn mill and the shed for the machine, the estimated total cost of milling is 0.88/kg output. This fee is very much lower compared with the prevailing milling fee in the market of 3.10 to 4.70 per kilogram output. Internal rate of return on investment is estimated at 79.81%. The lifespan of the corn mill is 10 years and the total annual operating time is 600 hours. With product recovery of 66-71% and germinator efficiency of 82-88%, the technology has fully satisfied the Philippine agricultural engineering standard for corn mill, which is set at 64% minimum product recovery and 80% germinator efficiency.
 
 

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