Cagayan de Oro City (9 July) -- Northern Mindanao's total value of exports loaded freight-on-board (FOB), amounted to US$199.11M during the first quarter of the year, up by 115.66 percent compared to US$92.36M during the same period, last year.

By FOB means the freight expenses of these exports were shouldered by the buyers in their countries of destination, Regional Director Alicia V. Eusena of the Dept. of Trade and Industry (DTI), region 10, said.

Contributing the biggest share to the total ...