Coconut exports seen hitting $3B

The Philippines’ coconut exports are expected to surpass this year’s estimate and reach as high as $3 billion in 2026, fueled by higher production and prices, according to the United Coconut Association of the Philippines (UCAP).

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UCAP Chairman Marco Reyes said the industry’s export revenues next year could grow by as much as 15 percent to $3 billion, from this year’s projection of around $2.6 billion, roughly the same level as 2024.

Reyes is banking on better weather conditions to push coconut production higher next year, allowing it to recover from the impact of drought in the previous two years.

“Our forecast is a higher production since trees have now recovered, which is usually always right because we go around the Philippines to see rain patterns and there are no destructive typhoons,” Reyes said in a press briefing on Wednesday, Sept. 24.