In a bold move to become the world's leading coconut exporter, the Philippines is embarking on an ambitious project to plant 100 million coconut trees. President Marcos has thrown his full support behind the initiative, spearheaded by the Philippine Coconut Authority (PCA), ensuring that the necessary resources are allocated to achieve this goal.
Christopher Po, a key figure from Century Pacific Group and member of the PSAC Agricultural Sector Group, highlighted the critical need for ramping up seed nut production to accelerate the pace of the tree planting project. This initiative is part of a broader strategy to enhance the Philippines' standing in the global coconut market, where it currently ranks as the second-largest exporter.
However, financial hurdles pose a significant challenge to reaching this target within the timeframe of the Marcos administration. In response, the advisory body has put forth several recommendations, including the issuance of a presidential directive for the PCA to develop a strategic roadmap. This roadmap is intended to streamline and expedite the implementation of the tree planting project, ensuring that the Philippines can achieve its ambition to lead the global coconut export market.
This initiative not only aims to boost the Philippines' export capabilities but also seeks to foster sustainable agricultural practices and enhance economic opportunities for local farmers, contributing to the overall economic development of the country.
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