Misamis Occidental - Economy - Resources

Resources

Wood is the major forest product. Predominant species are the lauan group, apitong, tanguige yakal, and Philippine Mahogany. There is also an abundant supply of bamboo, rattan and various vines. Forest land in the province has an area of 66,002.46 hectares; 53,262 hectares of which are considered a national park (which has legal implications).

The province has a considerable deposit of clay especially in the municipalities of Lopez-Jaena and Concepcion.

There is also an abundant source of sand and gravel.

The province is traditionally a net exporter of various commodities. Historical data from the Ozamiz Port District of the Bureau of Customs show that outgoing commodities, which is mainly of coconut products, far outweigh incoming cargoes.

Being a coco-based province, major manufacturing firms in Misamis Occidental are engaged in the production of crude coconut oil, cooking oil, lard, margarine, laundry soap and desiccated coconut. Other products are furniture, ceramics gifts toys and housewares, processed food like banana chips and marine products.

Locally fabricated agri-industrial machines and equipments are also available in the province.

Read more about this topic:  Misamis Occidental, Economy

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