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 Coconut Employs 3.4 Million People

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PostSubject: Coconut Employs 3.4 Million People   Coconut Employs 3.4 Million People Icon_minitimeFri Sep 16, 2011 10:59 am

According to the Philippine Coconut Authority (PCA), the coconut industry employs 3.4 million Filipinos, who earn an average of P10,000 a year or P25 a day each. There are 3 million hectares planted to coconut palms, the second largest agricultural area after rice fields (4 million hectares). Coconut plantations form 74 percent of all commercial croplands in the country. The Philippines produces some 2.4 million metric tons (MT) of copra or coconut products annually. In terms of value, coconut products comprise 32.4 percent of all agricultural exports and 1.6 percent of the country's entire exports.
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