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LAEIA, Agriventures Signing of Marketing Agreement (Oct. 12, 2021)

Author: DA Communications Group | 12 October 2021

Agriculture Secretary William Dar witnessed the signing of the marketing agreement between the Lateral A East Irrigators’ Association (LAEIA) and the Chen Yi Agriventures during the culmination program for the 13th National Rice Technology Forum on October 12, 2021.

Under the agreement, LAEIA, based in Alangalang, Leyte, will produce and supply an initial volume of 4,500 bags or 200 metric tons fresh palay per cropping cycle to Chen Yi Agriventures, which will then process it into premium quality rice using the company’s fully automated rice processing center. The volume to be supplied will gradually increase in the succeeding years, based on the market demands.

The agreement between LAEIA and Chen Yi will serve as a model for future agreements and partnerships, which aim to increase income of rice farmers. (Photo by Alan Jay Jacalan, DA-AFID)