Japan will be providing financial assistance of 800 million yen to assist as many as 84,000 Filipino sugarcane farmers affected due to the coronavirus pandemic. The Japanese Embassy has informed the Philippines about providing a P377-million grant to support farmers.
Japanese Ambassador to Manila Koji Haneda issued a statement on Monday stating that he has signed and exchanged the agreement with Teodoro L. Locsin, Jr, Philippines Foreign Affairs Secretary in this regard.
According to the media reports, the grant includes the provision of farm machinery such as tractors, harrows, whole-stalk sugarcane planters, and mulchers, among others.
This will help the Philippine sugar sector to increase its productivity by reducing the cost of production. According to the Embassy, the aim is to help farmers who are financially distressed due to coronavirus pandemic.
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