Quezon City - Since the onset of Typhoon “Odette”, the Philippine Coconut Authority (PCA), along with the other agencies of government, has mobilized its personnel and resources to assist in the clearing and rehabilitation of areas and uplift the conditions of coconut farmers severely affected by the typhoon. As recently reported, total damage to the agriculture sector brought about Typhoon “Odette” has reached eight billion pesos, of which 1.58 billion accounts for the damages to the coconut sector.
QUEZON CITY, Philippines — The coconut industry demonstrated a strong footing even in the year of pandemic. According to the latest report of the Philippine Statistics Authority (PSA), of the ten key product categories in terms of export value, coconut oil had the biggest yearly gain of 76.9%, from a Free on Board (FOB) value of 79 Million USD in October 2020, to 139.76 Million USD in October 2021, or an increase of 60.76 Million USD.
Likewise, comparing the January to October data of 2020 and 2021, also from the data of the Philippine Statistics Authority (PSA), coconut-based products posted a high growth rate of 48.8% with all major exported coconut-based products posting double-digit growth rate. Copra price also increased from its lowest farm gate price of 14 pesos in November 2019 to 36 pesos in November 2021 and millgate price from 19.46 pesos to 46.23 pesos per kilo of copra.