Quantcast
Latest Stories

Philippines hopes to flood world with coconut products

By

If the investment plan of the Philippine Coconut Authority (PCA) pushes through, the world may soon be awash in coconut water, virgin coconut oil and other coconut byproducts, including chips, jam, vinegar, frozen coco meat, liquid coco milk, coconut milk powder, macapuno, coco liquor, coco coir and coconut handicraft.

The PCA under the Department of Agriculture is looking at investing over P1.7 billion to boost the export of coconut products to at least 100 countries.

PCA Administrator Euclides Forbes cited records that indicated that 39 coconut products and byproducts were among the country’s leading agricultural exports, with export earnings totaling $1.96 billion last year.

The P1.75-billion investment, Forbes said, would be used “to devise and implement strategies to take advantage of the growing export demand on coco water, VCO and coconut sap sugar.”

The PCA, he said, was working with the Department of Science and Technology (DOST) and the Philippine Center for Postharvest Development and Mechanization (PhilMech) to develop processing and postharvest technologies to further lengthen the shelf life of coconut water for domestic and export markets.

For his part, Agriculture Secretary Proceso Alcala said that President Benigno Aquino “(has) instructed that assistance be given to coconut farmers.”  He added that the coconut industry should take advantage of available technologies to enable coconut farmers and entrepreneurs to create new and innovative byproducts.

Alcala said the PCA was implementing a nationwide coconut planting and replanting program under which some 14.6-million seed nuts had been planted  as of July 31 to sustain the productivity of small coconut farmers and increase their income.

The PCA also hoped to fertilize up to 25-million coconut trees next year and to implement a coconut livelihood and intercropping program, the Kasaganaan sa Niyugan ay Kaunlaran ng Bayan (Kaanib) at 300 sites nationwide, the agriculture official said.

Last year’s top exports included coconut oil at $1.4 billion, dessicated coconut at $287 million and coco chemicals at $35 million, Forbes said.

He added that exports of coconut water during the first six months of the year increased to 10.2-million liters worth $11.2 million, while VCO exports doubled to 4,422 metric tons worth $18.2 million in the same period.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Agriculture , business , Coconut , exports , Global Nation , Investment , PCA , Philippines



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • 2 teenagers killed in Mlang, North Cotabato
  • No sympathy from North Korea over ferry disaster
  • 4 French journalists freed from Syria captors home
  • De Lima on Gigi Reyes: Let’s wait and see
  • South Korean relatives divided over whether to raise ferry
  • Sports

  • Pacquiao courtesy call to Aquino set for Monday
  • Nick Calathes suspension a reminder of supplement risk
  • Teague scores 28 as Hawks soar past Pacers in Game 1
  • Warriors beat Clippers in playoff opener
  • Pacquiao top Mayweather contender
  • Lifestyle

  • Britain’s baby Prince George visits Australian zoo
  • Noli Yamsuan, Cardinal Sin’s ‘official’ photographer: ‘I could smell the aftershave lotion of the Pope’
  • Simplifying and lightening life
  • Where to go for Easter night-out
  • Joe de Venecia visits the Queen Mother of Cambodia
  • Entertainment

  • Show-biz celebrities’ other choices of summer getaway
  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Business

  • Top-selling insurance agent opens her dream café
  • Connecting and transacting with one another
  • Building wealth for health
  • Why Mandaue Foam buys, rather than rents, space
  • A workplace of new possibilities
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Epiphany
  • Unpaid creditor vs distressed debtor
  • Moving on
  • From culinary desert to paradise
  • Response to China: ‘Usjaphil’
  • Global Nation

  • Asia seeks Obama’s assurance in territorial spats
  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • Marketplace