Page: COCOMMUNITY, VOL. XLI NO. 1, 1 January 201113of coconut oil at 379,400 MT (217,000 MT) was responsible for 54.8% of total imported lauric oil and 84.2% of total coconut oil delivery. PHILIPPINES BIOTECHNOLOGY FIRM HOPES TO CASH IN ON HIGH VALUE CROPS "An anti-pain enzyme called bromelain processed from the pineapple stem is worth $20,000 per gram, and because only micrograms are used in a capsule, there are millions of dollars in a gram," says Danilo Managaya, President and CEO of Secura International, a 100 percent Filipino Biotechnology Company. Along with papain, bromelain is also a major ingredient in meat tenderizers, most of which are used in households. The way Managaya computes it, only one kilo of bromelain powder is produced from 21 tons of stems harvested from one-half hectare of pineapples. And only one gram of pharmaceutical-grade powder is produced from that one kilo. Bromelain capsules, sourced from India and China, are already sold over the counter in the United States and Europe, he says. Managaya, a Chemical Engineer Graduate of the Cebu Institute of Technology, is positioning for that highly lucrative niche, and is in the early stages of negotiations with Del Monte Philippines to supply the pineapple stems and to go into a joint venture in building a $20-million processing plant in Mindanao. The papaine, which breaks down protein to peptide for easy ingestion, is worth from P2,750 a liter for high-grade feed. Low-grade papaine, used for example in cosmetics, sells for P1,000 a liter. Managaya also has big plans to more than double the P50,000 per hectare per year income that coconut farmers now earn to P120,000. He plans to lease their coconut farms and plant naphyr grass in between the trees.