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Port Moresby
December 4, 2021
Business

Proposal to Manufacture Stock Feed Presented to Trade, Commerce and Industry

 

By Jack Lapauve Jr – EM TV News, Port Moresby

A project proposal is now with the Trade, Commerce and Industry Department to manufacture stock feed using the wasted kernels from palm oil.

The proposal aims to create jobs and adequately supply Papua New Guinea, while stopping the import of stock feed.

The Trade, Commerce and Industry Department says the proposal will be scrutinised before it’s approved for any other steps in making the project a reality.

“We will analyse and scrutinise the proposal and assist where we can,” said Brenson Kaupa Wera from the Trade, Commerce and Industry.

The project proposal basically is to establish a mill and collect used kernel from the oil palm industry to manufacture stock feed which can be used to feed fish, poultry birds, pig and cattle.

Currently there are two stock feed suppliers in the country, and both are foreign owned companies.

This project is said to enhance the production of stock feed with a target production of 10,000 tonnes per annum.

A budget of K14.2 million is needed to kickstart this project, however Trade, Commerce and Industry will analyse the proposal before assisting.

For the people of West New Britain, this project aims to create job opportunities, and add value to the economy of the province.

“We have everything to support and carryout this project for the people of West New Britain and PNG as a whole,” said Dacca Wagai, President of Mosa LLG.

The presentation was welcomed by the Trade, Commerce and Industry Department, stating the project falls under the categories of downstream processing and supports PNG’s SME Policy.

https://youtube.com/watch?v=JZgH4Yc40TU%3Ffeature%3Doembed%26wmode%3Dopaque%26showinfo%3D0%26showsearch%3D0%26rel%3D0

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