Coconut fertiliser subsidy - Rs. 228m
The government has allocated Rs. 228 m to grant the fertiliser
subsidy to coconut farmers. This would encourage farmers to grow more
coconut trees thereby increasing the production of coconuts. The annual
coconut consumption in the country is over one million nuts while
production was only 1,002,016 nuts resulting in a shortage.
The country produces over 30,000 tons of coconut oil annually to meet
the national requirement. To manufacture one ton of coconut oil 90,000
coconuts are needed. In addition coconuts are used as raw material for
many edible products of which some are even exported.
Coconut production decreased last year creating a sudden increase in
prices. In addition, coconut trees are also felled to make rafters and