IntroductionThe coconut tree is a member of the palm tree family and the only living species ofthe genus Cocos. The term "coconut" can refer to the whole coconut palm, the seed,or the fruit, which botanically is a drupe, not a nut.Coconut production plays animportant role in the national economy of the Philippines. The coconut, alsopopularly known as the “Tree of Life”, owes its name to the wide variety of productswhich can be derived from its various parts – from the leaves down to its roots asidefrom the significant role it plays in the nation’s economic growth. Name it, thecoconut has it. Food, Shelter and Fuel.Coconuts are known for their versatility ofuses, ranging from food tocosmetics.The inner flesh of the mature seed forms aregular part of the diets of many people in thetropicsandsubtropics. Coconuts aredistinct from other fruits because theirendospermcontains a large quantity of clearliquid,called "coconut milk" in the literature,and when immature, may be harvestedfor theirpotable"coconut water", also called "coconut juice".Mature, ripe coconuts can be used as edible seeds, or processed foroilandplantmilkfrom the flesh,charcoalfrom the hard shell, andcoirfrom the fibroushusk.Dried coconut flesh is calledcopra, and the oil and milk derived from it arecommonly used in cooking –fryingin particular – as well as insoapsandcosmetics.The hard shells, fibrous husks and long pinnate leaves can be used as material to makea variety of products forfurnishingand decorating.Coconut cultivation and industry plays a vital role in the sustainability of the ruraleconomy of many states of the country. Major coconut production in the countryprimarily is in demand from consuming states for traditional products like matured
nuts, tender coconut water, coconut oil, desiccated coconut, oil cake and coirproducts. Nearly 90 per cent coconut production is directed for traditional use indomestic markets. The most important traditional commercial product traded in thecountry has been the coconut oil. Therefore, the demand and supply of this singlecoconut product determines the price of raw coconut.Coconut is one of the two agricultural commodities that earns the country more than abillion dollars in export revenues every year. The area currently planted to coconut isabout 3.565 million hectares or 26 percent of country’s total agricultural lands. Also,68 out of 81 provinces are coconut growing areas mainly the Southern Tagalog andBicol regions of Luzon and Eastern Visayas, Western Mindanao and SouthernMindanao. At present these land host about 339 million bearing coconut trees and 3.4million farmers. Nut production on the average was 13.8 million or 46 nuts per treeper year. The Philippines is the 3rd top producer of coconuts in the world,contributing 8.8% of world production, but the country only production, but thecountry only produces 13,000 metric tons in a year, or just around 1.2% of world coirproduction.