Trade and markets
 

Detail

Area
Philippines
Commodity Group
Oilseeds, oils and meals
Commodity
Coconut palm
Date
01/09/2017
Policy Category
Production
Policy Instrument
Sector development measures
Description
Renewed public funding for the country\'s Coconut Authority in calendar year 2018, with the bulk of funds earmarked for countrywide coconut palm replanting programmes.
Notes
The Government of the Philippines has allocated PHP 1.4 billion (USD 27.2 million) to the country’s Coconut Authority for the year 2018, matching the current year’s level. According to the agency, the bulk of the resources will be used for replanting coconut trees nationwide. Projects on fertilization, R&D and diversification into high-value coconut products will also be supported. With regard to plantings, the agency’s target is to support the planting of at least 10 million palms in 2017, 15 million palms in 2018, and 20 million palms yearly starting in 2019.