The seaweed industry is running up against funding constraints which could foil the government’s plans to develop the sector’s export potential, analysts said. Danilo V. Fausto, president of the Philippine Chamber of Agriculture and Food, Inc., said the seaweed industry needs an allocation of up to P250 million to significantly boost production. Last week, the Department of Agriculture (DA) said that it is seeking to reclaim the Philippines’ spot as the top exporter of seaweed.

Halili, A. H. (2024, February 26). Seaweed ambitions face funding constraints. BusinessWorld, S1/9.