Coconut industry sees expansion – CARDI’s Executive Director

(Department of Public Information Press Release) The global coconut industry is expanding and so is the industry in the Caribbean, with Guyana among the top producers.

Speaking on day two of the Agri-Investment Forum and Expo, Ansari Hosein, Executive Director of the Caribbean Agricultural Research and Development Institute (CARDI), gave some insight into the development of the regional coconut industry.

“Long time ago when we spoke about liquid gold, we would normally be speaking about oil, but coconuts have the potential to be liquid gold, as well.

“Out of 70 billion coconuts harvested every year, about at least 10 billion is used for coconut water alone. The global market is estimated to go from about the value of $11.5 billion in 2018 to more than $30 billion in 2026,” he pointed out.

The largest importer of de-husked coconuts, China’s importation has increased from approximately US $62 million in 2012, to US $401 million in 2021.

Read more at: Department of Public Information

Source: CARICOM TODAY