The Philippines, among the leading coconut producers worldwide, will create a 150-hectare industrial complex in Quezon for the country’s coconut industry that would include all essential support facilities, the Philippine Coconut Authority (PCA) has announced.
The setting up of the industrial zone was part of its Coconut Industrial Development Plan, the PCA said.
The project should be started within 2013 and aims to encourage investments and boost the country’s coconut industry. It would make the Philippines a center of the coconut oil market and trade in Asia, the PCA said. The government also intends to step up production of coconut-derived products such as health and personal care products.
In 2012, the Philippines exported more than 1.5-million metric tonnes of copra, coconut oil, copra meal, desiccated coconut, coco shell charcoal, activated carbon and coco chemicals, a slight 1.49 per cent increase compared to the volume exported in 2011, see our earlier story.
There are 3.5 million hectares dedicated to coconut production in the Philippines, which accounts for 25 per cent of total agricultural land in the country. The Philippines ranks near the top in global coconut production with over 15 billion nuts produced per year.