Coconut glut: Production up but farmers struggle to find market
The Coconut Industry Board (CIB) is reporting a glut of coconuts on the market due to a decline in demand.
The CIB says there has been a substantial increase in the production of coconuts in the island over the past 18 months.
The board says while it’s pleased with the increased production, several hundred coconut farmers are now struggling to find a regular and consistent market for their coconuts.
CIB Chairman, Christopher Gentles, explains that cooler temperatures have reduced the demand for jelly coconuts and have negatively impacted sales.
The coconut board says it is planning to increase its capacity to process jelly coconuts.
It says if its Strategic Business and Capital Expenditure Plan are successfully implemented, it will be investing in a facility to produce virgin coconut oil.
The board says this will be to the benefit of farmers.