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Coconut export sees hike in income in 2014-18 as against 2004-14

Income earned from export of coconut products was Rs 3975 crore during 2004-14, which increased to Rs 6448 crore during 2014-18, says an official statement, attributing it to increased coconut production in the last four years.

Till last year, India was importing coconut oil; but now it has started exporting large quantities of dry coconut to US and European countries.

India is one of the founder members of Asian Pacific Coconut Community (APCC) which has 18 member countries and it celebrates World Coconut Day on 2 September every year. The theme announced by APCC for this year’s World Coconut Day is Coconut for Good Health, Wealth & Wellness.

The Coconut Development Board has made significant contribution for the remarkable achievements made in the coconut industry in the country, says the release.

Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh said the Modi government has taken many initiatives for the development of coconut adding that it is worth mentioning that 9633 Coconut Producer Societies, 740 Coconut Producer Federations and 67 Coconut Producer Companies have been established in the country.

The government has increased the Minimum Support Price of Milling Copra from Rs 6500 per Quintal to Rs 7511 per Quintal and for Ball copra from Rs 6785 per Quintal to Rs 7757 per Quintal. Not only this, the government has declared up to 5% incentive in the export value (FOB) in its new Foreign Trade Policy for 2015-20 for the promotion of coconut product export. A quantum leap in the export of coconut products is expected in the near future as the price of coconut products is increasingly becoming highly competitive.

 

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