The Philippine Coconut Authority (PCA) aims to plant 50 million coconut trees by 2026, doubling its original target of 25 million. This plan is part of a five-year initiative launched in 2023, with the goal of planting 100 million coconut trees by 2028. From 2024 to date, over 8.5 million coconut trees have been planted, with an estimated additional 15 million expected by year-end.
According to reports, President Marcos has allocated funding, and the Coconut Authority will collaborate with planting communities to accelerate production material cultivation. The revised five-year plan also includes improving yields of existing 340 million coconut trees through fertilization programs. Many of these trees are aging, currently producing only around 40 coconuts annually, which is just one-third of their peak production.
Global coconut oil demand continues to grow, partly due to the EU's decision to classify palm oil as environmentally unsustainable and plan to phase out imports by 2030, creating new opportunities for coconut-producing countries like the Philippines. Simultaneously, global coconut oil prices are rising due to declining copra production and surging demand for fresh coconuts as a healthy beverage.
In 2024, Indonesia's coconut production is 17.13 million tons, with the Philippines at 14.77 million tons. The Philippines' coconut production decline is largely attributed to the destruction caused by Typhoon Yolanda in 2013, which destroyed approximately 10 million coconut trees.