The first post of the two-part blog series didn’t fail to capture the significance of growing coconut in fuelling the economy of the country. With India being the leading country in coconut production in the word, the industry has been a major income provider to millions of farmers and workers employed in manufacturing and processing coconut-based products. This is mainly due to the fact that almost every part of the coconut tree has great commercial use with value addition. Coconut is also very much part of the socio-economic and cultural life in many rural regions of the country. We’ve already seen the significance of one of the key products of coconut: Neer or coconut water in the previous post. We’ll follow it up with another key product and the scope for coconut cultivation at the national level.
Virgin Coconut Oil:
Virgin Coconut oil or VCO is derived from fresh coconut kernel employing the cold press method that produces the purest and finest grade coconut oil with most vitamins, nutrients, minerals and anti-oxidants retained. Popularly known as the ‘mother of all oils, the virgin coconut oil globally was able to capture considerable revenue in 2016, and is slated to increase at a CAGR of about 11% over the forecast period. Virgin coconut oil is expected to face high consumer demand especially with the health conscious users in addition to the aging population.
Scope for coconut cultivation at the national level:
Coconut is grown in over 90 countries globally; Philippines, India and Indonesia are the major producing countries of the world. Coconut is grown in over 20.88 lakh hectares in our country with an estimated 22167.45 million nuts grown during the period 2015-16 averaging productivity of 10614 nuts per hectare. Traditionally, coconut is grown in the states of Tamilnadu, Kerala, Andhra Pradesh, Goa, Pondicherry, Maharashtra, Orissa, West Bengal and Islands of Lakshadweep and Andaman and Nicobar. However, several states including Madya Pradesh, Assam, Tripura, Manipur, Assam, Gujarat, Arunachal Pradesh and Nagaland are emerging as non-traditional areas for growing coconut.