AreaPhilippines

Commodity GroupOilseeds, oils and meals

CommodityCoconut

Date01/02/2021

Policy CategoryProduction

Policy InstrumentAgricultural policies

DescriptionSigned a law creating a trust fund for the development of the country’s coconut industry, using recovered coco levy assets that remained unutilized since their collection from growers in the 1970s–1980s.

NotesTHE PHILIPPINES – biodiesel policy: In a bid to raise domestic uptake of coconut oil and support coconut farmers affected by falling prices, the Philippine Coconut Authority called on the National Biofuels Board to raise mandatory blending of coconut oil-based biodiesel into transportation diesel from its present level of 2 percent to 5 percent. The government agency recommended a stepwise increase in the blending rate, starting with 3 percent on 1 August 2021. Originally, the 5 percent blending mandate was meant to be introduced in 2020, but the implementation date was pushed back after the COVID-19 pandemic disrupted the country’s biodiesel supply chain.