In previous columns, I have dwelt on the prevailing discouraging conditions that confront our coconut farmers and the coconut industry.
Our coconut farmers who are already among the poorest of the poor suffered yet another setback with the precipitous (30%) decline of the price of coconut oil in the world vegetable oil market. From P6-P8 per nut, the farm gate price is now down to P4.50 per nut.
The coconut levy fund (CLF) bill which will release the P100 billion now frozen in the national treasury to support the coconut industry has been returned to Congress after a threat of veto by the President unless certain provisions were amended.
See full article at Manila Bulletin
