A P10 million “bangus” (milkfish) processing plant is set to rise in Northern Mindanao town.
With this new development, the Department of Science and Technology (DOST) and Bureau of Fisheries and Aquatic Resources (BFAR) in Northern Mindanao are offering their services in providing technological assistance to the mariculture community in Balingasag, including bangus deboning and bangus processing to sardines.
The groundwork for the construction of the fish processing plant in Balingasag town, Misamis Oriental province is already underway.
Provincial and municipal government officials led by Gov. Oscar Moreno and Balingasag town Mayor Alexis Quina are looking forward to export bangus (milkfish) to other countries.
“We are now globally competitive and this will add more income to our local coffers and town folks,” said Mayor Quina.
He added that they can now see full range of bangus production in their progressive town as the Balingasag Mariculture Part Investors Association (BMPIA) wants to keep the price of bangus at affordable price to their consumers.
For her part, Marietta Abogado, president of the Balingasag Mariculture Investors Association, said the new structure will also generate more jobs.
She said there are currently 285 fish cages erected at the 195-hectare Balingasag Mariculture Park.
Currently, each kilo of bangus is sold from P92 to P95 as farm gate price.
Balingasag town is known as the bangus capital in Northern Mindanao.
Meanwhile, Gov. Moreno has assured that the provincial government of Misamis Oriental will extend more support to the officials in Balingasag town and BMPI to help find more market for the bangus industry.