Business World

Coco industry gears for big jump

- Maya M. Padillo

DAVAO CITY — As coconut products such as oil and coco water ride on a wave of global popularity, Philippine farmers and processors are looking to expand production and improve yields for the country’s top agricultur­al export.

Stakeholde­rs are currently gathered in Davao City for the three-day CocoLink: 2nd Internatio­nal Coconut Conference and Trade Expo, where discussion­s focus on the need to plant more trees and increase production volume.

“That ( production and productivi­ty) is something all the processors in the industry are very concerned about. These are processors working in different aspects of coconut products,” Thelonious S. Trimell, chief of party of the Mindanao Productivi­ty in Agricultur­al Commerce and Trade (MinPACT) Project, said during the conference opening on Nov. 7.

MinPACT, funded by the US Department of Agricultur­e and implemente­d by nonprofit organizati­on ACDI/ VOCA, implements programs that support coconut, coffee, and cocoa farmers in Mindanao.

Mr. Trimell said the Philippine­s is well positioned to benefit from the growing demand for coconut products in the internatio­nal market if stakeholde­rs work as a unified sector towards sustainabi­lity.

“You all need coconut and you all need to work together to ensure there’s coconut in the Philippine­s and in the future,” he said.

The combined export value of three products — oil, copra oil cake/ meal, and desiccated coconut — was P59 billion in 2016, up from P55 billion in 2015, according to the Philippine Statistics Authority (PSA). Last year’s total was still lower than the P63 billion recorded in 2014, before production was affected by adverse growing conditions, particular­ly the dry spell from El Niño.

In the three months to June 2017, production improved to 3.21 million metric tons ( MT) from 3.18 million MT a year earlier. The PSA said the increase was due to more intensive harvesting activity in the Zamboanga Peninsula and Western Visayas due to higher market prices and demand, and improved yields in Palawan following a recovery from the dry spell last year.

Zamboanga Peninsula and the Davao Region were the top coconut-producing regions for the quarter, accounting for 13.4% and 14.5% of the total, respective­ly.

Migdonio C. Clamor, Jr., executive director of the nongovernm­ent Davao Region Coconut Industry Cluster, Inc., which organizes CocoLink, said with participan­ts from at least 10 countries in the event, the organizati­on is aiming to connect more buyers to the farmers and processors.

“We hope ( foreign participan­ts) will be happy to look into the products of our farmers and producers,” Mr. Clamor said. —

 ??  ?? COCONUT products (L) and coconut seedlings and fruits on display during the 2nd CocoLink.
COCONUT products (L) and coconut seedlings and fruits on display during the 2nd CocoLink.
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