Philippine Coconut Milk Brand Makes Its Way to Russia
A brand of coconut milk is being made available to the Russian market for the first tiime.
A shipment of one-liter packages of Coco Daily coconut milk, a product of Century Pacific Agri Ventures, Inc. (CPAVI), arrived in the city of Saint Petersburg during the first week of April. It will be sold to mainstream Russian consumers within the next few weeks.
The product was sourced by PanAsia Impex Ltd., a Russian importer and distributor of Asian food products. Coco Daily is the first product imported from the Philippines by PanAsia Impex Ltd.
“The first shipment of Philippine coconut milk to Russia is good news, especially in light of the current situation,” Department of Trade and Industry (DTI) Secretary Ramon Lopez said. “Amidst the coronavirus threat, our businesses continue to grow and expand. We are very proud of our Philippine exporters and producers who pursue opening new markets abroad.”
Pan-Asia Impex Ltd.’s partnership with the Philippines stemmed from a meeting with Philippine Trade & Investment Center in Moscow (PTIC-Moscow) last year, where the company indicated interest to source coconut milk and other coconut products from the Philippines. PTIC-Moscow facilitated B2B (business-to-business) introductions followed by meetings with Philippine exporters at the sidelines of the Philippines-Russia Joint Commission on Trade & Economic Cooperation (JCTEC) in August 2019 and the World Food Moscow in September 2019, both held in Moscow, Russia.
PanAsia Impex formalized its strong interest to pursue cooperation with Philippine companies by signing a Memorandum of Understanding (MOU) with CPAVI at the Philippines-Russia Business Forum held last October in Moscow during the Philippine Presidential Visit to Russia. PanAsia Impex has since entered into negotiations with CPAVI and other Philippine food product producers and exporters to source Philippine food products for the mainstream Russian consumer market.
"The Philippines is looking forward to more cooperation between Philippine and Russian companies that will bring more Philippine high-quality, world-class food products to Russia and make it available to the Russian consumers,” Lopez added.