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Caribbean nations prepare for Coconut Industry Revitalization

11 May 2015

A $US3.9 million program aims to revive the coconut industry and expand market opportunities of the once thriving sector. once-thriving industry and tap into markets for and sought after coconut by-products. From 1950 to 1980, the coconut industry was a vital agricultural subsector in the Caribbean. However, from 1980 onward, production sharply declined due to pest and disease issues, competition from soybean oil, which resulted in the collapse of the copra industry. But coconut has made a big comeback and demand for products such as coconut water, milk and oil has seen a boom. The program is the result of collaboration between the Caribbean Agricultural Research and Development Institute (CARDI), the International Trade Center (ITC) and the European Union. The countries which will benefit from the program are Belize, Dominica, the Dominican Republic, Guyana, Jamaica, St. Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago.
http://www.telesurtv.net/english/news/Caribbean-Nations-Prepare-for-Coconut-Industry-Revitalization-20150505-0036.html

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