Being an agri-industrial city, Davao city has an abundant supply of agricultural products and raw materials along with the right environmental conditions to host big agribusiness ventures. The city is known to house large coconut oil mills, activated charcoal plants and vast plantations for coconut, durian, banana, cacao, and other agricultural products. As the global demand for agribusiness increases, the city continues to innovate with new programs to make the industry a more lucrative avenue for investors.