The Philippine Coconut Authority (PCA) is seeking an additional P1.26 billion in funding to accelerate its coconut-replanting program, which aims to replace aging trees across the country. The request was reported by Philstar Biz.
The additional budget would help the PCA meet its replanting target for the year, as many coconut trees have exceeded their productive lifespan. The agency aims to replace these with higher-yielding varieties to boost coconut production and support farmers' livelihoods.
The coconut industry is a key sector in Philippine agriculture, providing income to millions of farmers. The PCA's replanting program is part of broader efforts to revitalize the industry, which has faced challenges from aging trees and climate change impacts.