The Coconut Keeps Rp Economy from Going Nuts
The coconut is popularly known as the tree of life. The coconut is considered such because of the many uses it can provide, starting from its roots up to its main fruit and still up to its very leaves. This wonder tree is so versatile it can generate different goods which are made available and sold in the market. Its products that are generally commercialized include coconut oil, copra meal, desiccated coconut and copra cake. All the goods that we derive from the coconut are indeed very helpful to our daily lives.
Fortunately the coconut is grown in almost 50 countries and the major coconut producing countries includes Indonesia, India, Malaysia, Ceylon, New Guinea, Mozambique and of course the Philippines, just to name some.(APCC.org, 2003) These countries, according to the Food and Agricultural Organization (FAO) statistics, are the top producers and exporters of coconut products. However, the FAO noted that the Philippines leads all of these countries in the production and exportation of the coconut. This certainly is good news for the nation and should make all Filipinos proud.
The coconut industry - mainly its production and exportation - has been a big boost in the rise of the Philippine Economy. The coconut, as reported by the Philippine Council for Agricultural Research, is grown in almost 55 provinces of the country and is a major crop in 35 of these provinces. The Census of Agriculture said that this major crop occupies almost 33 percent of the total agricultural land area of the country. Due to the massive production of the coconut, more than 3.4 million coconut farmers have been provided with regular sources of livelihood. The coconut industry has also allowed millions of Filipino families to cope with the present economic hardship through the sale of coconut products to big businesses in the country.
Land Bank of the Philippines CEO Gary B. Teves, in his recent report, clearly stated that indeed coconut production has been a major economic
Fortunately the coconut is grown in almost 50 countries and the major coconut producing countries includes Indonesia, India, Malaysia, Ceylon, New Guinea, Mozambique and of course the Philippines, just to name some.(APCC.org, 2003) These countries, according to the Food and Agricultural Organization (FAO) statistics, are the top producers and exporters of coconut products. However, the FAO noted that the Philippines leads all of these countries in the production and exportation of the coconut. This certainly is good news for the nation and should make all Filipinos proud.
The coconut industry - mainly its production and exportation - has been a big boost in the rise of the Philippine Economy. The coconut, as reported by the Philippine Council for Agricultural Research, is grown in almost 55 provinces of the country and is a major crop in 35 of these provinces. The Census of Agriculture said that this major crop occupies almost 33 percent of the total agricultural land area of the country. Due to the massive production of the coconut, more than 3.4 million coconut farmers have been provided with regular sources of livelihood. The coconut industry has also allowed millions of Filipino families to cope with the present economic hardship through the sale of coconut products to big businesses in the country.
Land Bank of the Philippines CEO Gary B. Teves, in his recent report, clearly stated that indeed coconut production has been a major economic
Cited: Asian Pacific Coconut Community. Retrived May 17, 2006. Website: http://www.apccsec.org/about.html Cardona, Francis L. (2005, November 27). You name it, the coconut has it. The Manila Times, p Coconut Statistics. (1991). Pasig: United Coconut Association of the Philippines, Inc. Hieks, George L. (1900-1965). The Philippine Coconut Industry: Growth and Change Philippine Council for Agricultural Research. (1972). Crop Research Division. Teves, Gary B. (2003). Banking of the Philippine Coconut Industry. Retrieved May 6, 2006, from Land Bank of the Philippines