Tokushima Auction Market (TAM) announced the signing of a MOA on May 12, 2026, with Davao Catigan in the Philippines. The partnership focuses on the manufacturing, supply, and sales of coconut products like sugar, cream, vinegar, and candy. Davao Catigan handles production and export, while TAM manages global sales. The target annual volume is at least 8,000 tons, aiming to build a sustainable value chain and improve farmers' livelihoods.
FACT BOX
- Source: PR TIMES
- Category: Partnership
- Organizations: Davao Catigan Manufacturer of Coconut By Products Inc
FAQ
When did Tokushima Auction Market sign the memorandum of agreement with Davao Catigan, and what is the significance of this date?
Tokushima Auction Market signed the memorandum of agreement on May 12, 2026, marking the official start of a joint venture with Davao Catigan to develop coconut product markets worldwide.
What types of coconut products are included in the partnership between Tokushima Auction Market and Davao Catigan?
The partnership covers manufacturing, supply, and sales of coconut sugar, coconut cream, coconut vinegar, and coconut candy, all produced by Davao Catigan for export.
Which company is responsible for production and export of coconut products in the new agreement, and what role does Tokushima Auction Market play?
Under the memorandum, Davao Catigan handles all production and export activities for the coconut products, while Tokushima Auction Market manages global sales and marketing efforts.
What is the targeted annual volume for coconut product sales in the TAM and Davao Catigan partnership, and how does this target aim to benefit local farmers?
The partnership aims to achieve at least 8,000 tons of coconut product sales each year, a volume intended to create a sustainable value chain and improve the livelihoods of Filipino coconut farmers.
How does the collaboration between Tokushima Auction Market and Davao Catigan intend to create a sustainable value chain for coconut products?
By combining Davao Catigan’s production and export capabilities with Tokushima Auction Market’s global sales network, the collaboration seeks to ensure consistent demand, fair pricing, and reinvestment in farming communities, thereby fostering sustainability across the coconut supply chain.