Fabian rally stakeholders to back Coconut industry revival PDF Print E-mail
Tuesday, 28 August 2012 14:15

The coconut industry in the country is likely to score a rebound and could help boost agricultural production in the countryside to benefit thousands of workers especially in the rural areas as Cong. Erbie A. Fabian rallied stakeholders support for the revival of the industry in the country.

Fabian speaking at the culmination program of the Philippine Coconut Authority 26th National Coconut Week celebration at the Lantaka Hotel over the weekend convened with major coconut industry stakeholders in the region.

Fabian said the coconut industry was a major foreign exchange earner of the country and has contributed much in the development of the industry in the countryside giving much needed employment to rural folk and income from the industry.

He said the recent pronouncements made by Agriculture Secretary Angel Alcala that the DA was prioritizing the revival of the coconut industry to dovetail with its effort to raise food productivity levels across the nation, stakeholders should re visit and invest in the coconut trade anew.

The coconut industry offers a wide variety of downstream possibilities as coconut and its by-products offer much opportunity for income generating ventures.

A government and private partnership in developing the industry could signal the second coming of the coconut industry as world market prices have remained competitive.

It is an industry that is not expensive to maintain and the country has had vast expertise acquired over the years to ensure quality coconut plantation growth which could provide a steady inflow of income to those who venture back into the market.

He challenged major stakeholders to make the country’s coconut industry a major agricultural pillar once again and make the Philippines a major player in the world coconut trade anew.