Feasibility Study of the Bangus Business

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  • Topic: Coconut, Coconuts, Arecaceae
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COCONUT PLANTATION
Thursday, 30 June 2011 15:11 MASICAP TEAM 2011

RATIONALE
The coconut palm provides a substantial export income for many tropical countries, as well as food and drink for home consumption and fuel and shelter. Of the exported products, copra, the dried kernel, is a major source of vegetable oil and coconut oil, and shredded and dried kernel is widely used in the bakery and confectionery trades as desiccated coconut. Copra cake, left after oil extraction, is a valued animal feed, especially for dairy cattle. The leading coconut producer nations are (in order) the Philippines, Indonesia, India, Sri Lanka, Thailand and Malaysia. In the Philippines, coconut industry is the oldest and most strategic agricultural industry, providing vital economic support to rural communities in the country. It affects the lives of 3.4 million farmers directly deriving their income from coconuts and another 23 million Filipinos indirectly depending their livelihood on it. Coconut remains a top agricultural export, annually earning an average of US$631.50 million (1999–2003). It is planted in 3.278 million hectares all over the country, dominating the landscape in 86% of all provinces, with 77% of all municipalities regarding it as a major crop. In addition, more than 60 percent of Philippine copra and coconut oil exports come from Mindanao. Most of the country’s coconut oil mills are based in Mindanao. Coconut oil, desiccated coconut, fresh coconut and copra are the primary products of coconut, while its by-products include copra meal, activated carbon, coconut shell charcoal and coconut coir and coir dust. Coconut end products include detergents soaps, shampoo, cosmetics, margarine, cooking oil, confectionery, vinegar, and nata de coco. Its intermediates include oleo chemicals such as fatty acids and fatty alcohols. According to the Philippine Coconut Authority, the region’s export shipment of copra meal for 2009 amounted to 31, 500 metric tons which is equivalent to110, 250, 000 nuts or 1, 102, 500 hectares of coconut plantation. On the other hand, the copra importation for the same year amounted to 52,156.08 metric tons which shows that there stills a need for coconut plantation.  In addition, aside from copra, there are still different products that can be produced out of coconut which was mentioned earlier. The great demand of coconut is highly imposed by the different products that it can produce. Thus, it is among the investment opportunities being pushed through. Objective

The project aims to increase coconut plantation in the region to meet the local and international demand in the market. Project Description
The Coconut (Cocos nucifera) (Filipino: Niyog) (Visayan: Lubi ) is the only species in the genus Cocos of the Family Arecaceae (palm family), subfamily Cocoideae. It is called the "Tree of Life" because of the various products and by-products derived from its various parts from root to fruit. The coconut palm grows throughout the tropical world. It thrives in a hot, moist climate, on sandy loam soils, and is highly tolerant of salinity, thus it is usually found on tropical shorelines. Its biophysical limits are: an altitude of 520 to 900 m; a mean annual temperature of 20 to 28 degrees Celsius; and a mean annual rainfall of 1000 to 1500 millimeters. The coconut palm has a natural preference for sandy, well-aerated and well-drained soils, but it has considerable ability to adapt to soils of heavier texture. In the region, SOCCKSARGEN are mostly earning its livelihood through coconut industry. Coconut trees are abundant along coastal areas of SOCCKSARGEN area (600 meter above sea level). Projected sales for one cropping cycle is Php 12, 570.00. According to the Philippines Coconut Authority, the region’s export shipment of copra meal for 2009 amounted to 31, 500 metric tons which is equivalent to 110, 250, 000 nuts or 1, 102, 500 hectares of coconut plantation. On the other hand, the copra importation for the...
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