State Dining Room, Malacañan Palace
October 4, 2023
President Ferdinand R. Marcos Jr. tackled the proposed Massive Coconut Planting and Replanting Project 2023-2028 with officials from the Philippine Coconut Authority (PCA) in a meeting at the State Dining Room in Malacañan Palace.
Spearheaded by the PCA, the project is anchored on a whole-of-nation approach geared towards planting at least 100 million coconut trees throughout the country in the next five (5) years. It is projected to develop strategies in post-harvest, processing and marketing interventions under the Coconut Farmers and Industry Development (CFID) Plan.
The Massive Coconut Planting and Replanting Project 2023-2028 also aims to meet the strong local and international demand for coconut products, as well as to maximize the benefits of the coconut industry to the economy and welfare of Filipino coconut farmers.
According to the PCA, the government was able to cover 3.60 million hectares of land with coconut trees in 2022 that accounts for 27% of the country’s agricultural land. The Agency plans to strengthen the said project in the next 10 to 15 years to further rehabilitate the coconut industry, which is in a state of decline during the past decade due to the negative effects of climate change and natural disasters.
Nevertheless, the Philippines remains as the top exporter of coconut products in the world, with total export revenue amounting to US$3.22 billion in 2022.