Coconut Industry Case.docx - Introduction The coconut tree...

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Introduction T he coconut tree is a member of the palm tree family and the only living species of the 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 an important role in the national economy of the Philippines. The coconut, also popularly known as the “Tree of Life”, owes its name to the wide variety of products which can be derived from its various parts – from the leaves down to its roots aside from the significant role it plays in the nation’s economic growth. Name it, the coconut has it. Food, Shelter and Fuel. Coconuts are known for their versatility of uses, ranging from food to cosmetics . The inner flesh of the mature seed forms a regular part of the diets of many people in the tropics and subtropics . Coconuts are distinct from other fruits because their endosperm contains a large quantity of clear liquid, called "coconut milk" in the literature, and when immature, may be harvested for their potable " coconut water ", also called "coconut juice". Mature, ripe coconuts can be used as edible seeds, or processed for oil and plant milk from the flesh, charcoal from the hard shell, and coir from the fibrous husk . Dried coconut flesh is called copra , and the oil and milk derived from it are commonly used in cooking – frying in particular – as well as in soaps and cosmetics . The hard shells, fibrous husks and long pinnate leaves can be used as material to make a variety of products for furnishing and decorating. Coconut cultivation and industry plays a vital role in the sustainability of the rural economy of many states of the country. Major coconut production in the country primarily is in demand from consuming states for traditional products like matured
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nuts, tender coconut water, coconut oil, desiccated coconut, oil cake and coir products. Nearly 90 per cent coconut production is directed for traditional use in domestic markets. The most important traditional commercial product traded in the country has been the coconut oil. Therefore, the demand and supply of this single coconut product determines the price of raw coconut. Coconut is one of the two agricultural commodities that earns the country more than a billion dollars in export revenues every year. The area currently planted to coconut is about 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 and Bicol regions of Luzon and Eastern Visayas, Western Mindanao and Southern Mindanao. At present these land host about 339 million bearing coconut trees and 3.4 million farmers. Nut production on the average was 13.8 million or 46 nuts per tree per 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 the country only produces 13,000 metric tons in a year, or just around 1.2% of world coir production.
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