Philippines increases investment in bid to regain status as world's largest coconut producer

Published 2024년 7월 10일

Tridge summary

The Philippine Coconut Association (PCA) is planning to boost the country's coconut production, which has declined due to the aging of trees, by replacing old trees and building new processing plants in Visayas and Mindanao. The strategy aims to increase production by 15% in the first year, with gradual increases to 20% and 25% in subsequent years. The PCA is also urging the government to increase its fertilizer budget and expand fertilizer coverage. Despite challenges like El Nino and La Nina, the Philippines, the world's second-largest coconut producer after Indonesia and the largest exporter, expects a steady growth in production by 3-5% annually.

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Original content

It is reported that the average age of coconut trees in the Philippines has reached 60-70 years, and the aging of trees may be the main reason for the decline in production. PCA will give priority to replacing old coconut trees and building new processing plants in Visayas and Mindanao to increase the production of coconut products, especially coconut oil. PCA hopes to increase not only coconut production, but also the production of by-products such as coconut oil. It is expected that the production will increase by 15% in the first year and gradually increase to 20% and 25% in the next few years. Only 1% of coconut trees in the Philippines are fertilized. PCA calls on the government to increase the fertilizer budget from the current 158 million pesos to 2.4 billion pesos and increase the fertilizer coverage rate to 15%. In recent years, despite the continued impact of El Nino and La Nina on the agricultural sector Although the coconut palms have a strong ability to adapt to ...

Source: Foodmate