Philippines: Coconut Farmers and Industry Development Plan

Following the signing of Republic Act (RA) 11524, February 26, 2021, then President Rodrigo R. Duterte signed Executive Order (EO) 172, Series of 2022, on June 2, 2022, approving the Coconut Farmers and Industry Development Plan. This paves the way for the use of the PHP75 billion ($1.4) fund to rehabilitate the coconut industry. The goal is to increase coconut production by at least 9 percent in 2025, however, the plan is already behind schedule by more than a year. Aligned industries, including corn, pork, poultry, dairy, coffee, cacao, and banana, are also expected to benefit.