The world economy, devastated by the ongoing outbreak of the COVID-19 pandemic, is gradually recuperating to normalcy, though the uncertainty of the pandemic and its spiralling effects on the economy continue to threaten business at large. In spite of this gloomy phase, India has made unparalleled progress in coconut cultivation in the last two years, and now it has turned out to become one of the leading countries in coconut production and productivity. To elaborate the point, in 2017-2018, the productivity increased to 11,516 fruits per hectare compared to 10,122 between 2013 and 2014. Add to this, 13,117 hectares of land were brought under new plantation between 2014 and 2018 against 9,561 hectares between 2010 and 2014.
India, once an importer of Coconut oil, has been exporting coconut oil to Indonesia, Sri Lanka and Malaysia since 2017. For the first time, India has turned out to be an exporter of dry coconuts in large quantities to European and the US markets. In states producing coconuts, 62,403 hectares of land has been already converted using scientific coconut farming methods against 36,477 hectares between 2010 and 2014. It is to be noted that coconut cultivation has also spread to newer regions of the country. In various states, a total of additional 13,117 hectares of new area has been transformed into coconut cultivation land from 2014 to 2018.
India is among the top countries for coconut farming, and is currently the third-largest coconut producing country globally with an annual production of no less than 21,500 million tonnes nuts in 2018. Coconut cultivation forms more than 21 lakh hectares of area in India. Coconut is cultivated in over 15 states and union territories in the country. Tamilnadu, amongst all coconut growing states, has a major share of above 31 per cent of the total coconut production. States including Kerala, Tamilnadu, Andhra Pradesh and Karnataka jointly constitute more than 90 per cent of the total coconut grown in the country.