Asian coconut body warns of shortage 20 years from now
The coconut industry faces shortage of products 20 years from now due to an impending scarcity of original seedlings, Asia Pacific Coconut Community (APCC) Executive Director Uron Salum said at the International Coconut Conference in Davao City.
The Philippine News Agency quoted Salum as saying that new coconut trees must be planted as demand for its products continue to rise.
Salum said only original seedlings, not the second generation fruit, must be planted in order to produce good products.
APCC, which is under the auspices of the United Nations Economic and Social Commission for Asia and the Pacific, consists of 16 full-member countries, including the Philippines, and two associate members.
Fakih N.P., President of the Fakih Group of Companies, was also quoted as saying that the 15,000 hotels in the Middle East need coconut shells for products ranging from lamp shades to wall or floor designs for its more than 100,00 rooms.
Jeffrey Albanese, USDA Attache, reportedly told the conference that US demand for the coconut shell products is at $500 million dollars.
Albanese also said the supply of coconut water is not enough to meet market demand.
Coco water export in 2015 was valued at $160 million.