The Philippine Coco Industry_Quick Facts 12 may2014

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The Philippine Coco Industry_Quick Facts 12 may2014

  1. 1. THE PHCOCO INDUSTRY QUICK FACTS ON
  2. 2. COCONUT AREAS • 68 out of 79 provinces; 1,195 out of 1,634 cities & municipalities • 26% of the total agricultural land is coconut plantation, equivalent to 3.562 million hectares PRODUCTION & EARNINGS • 340 million bearing coconut trees producing an average of 15.2 billion nuts per year • 23% of world’s coconut production • 3rd largest exporter of coconut in the world, with 59% of all exports • Earn US$ 935million from coconut oil in 2005-2009. • Coconut oil is the country’s TOP agricultural commodity export.
  3. 3. COCONUT AREAS COCO FARMERS’ SITUATION • Small coconut farmers earn only P3 per nut • 41% out of more than half a million coconut farm house holds are poor • 240,424 coconut farm families live in poverty, earning below P16,842 per year • Income of copra-based farmers is around P10,400/ha/year. Minus inputs and labor cost, copra farmers take home only P6,765/ha/year • At current incomes, a copra farmer must own at least 10 hectares of land to get out of poverty
  4. 4. • Underemployment among coconut farmers, whose work is largely informal, unpaid and subsistence-based, is at 65.9%. High poverty incidence among coconut growers highly correlates with grave conditions of underemployment in the country. • The provinces in Calabarzon are plagued with coconut insect infestation • Coconut farmers have yet to recover from the onslaught of strong typhoons Pablo and Yolanda, which hit coconut areas in Visayas and Mindanao Source: 2009 FIES-LFS, PCA, DA-BAS

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