CDA allocates Rs. 19m for coconut industry in 2008

Ramani Kangaraarachchi

The Coconut Development Authority (CDA) has allocated Rs. 19 million for 2008 to develop the coconut industry targeting a saving of 536 million nuts within the year by way of reducing the wastage taking place at present.

Chairman of the Authority D. J. U. Purasinghe said as a short-term plan Copra and Coconut oil will be imported temporarily under duty free concessions to avoid shortage.

He said 35 per cent of the total coconut used domestically are wasted as a result of not making the maximum use of coconut by housewives.

The long-term plan will be implemented to avoid this situation by launching a special campaign which will include educating the public, introducing new technology and encouraging the private sector to introduce new products.

He said that out of the funds allocated, Rs. 10 million will be utilised to encourage the private sector and the balance Rs. 9 million for the new technology and awareness and promotional campaign.

Purasinghe said the CDA is hoping to make one per cent of country’s population use coconut milk within the first year and reduce the 35 per cent wastage leading to 536 million nuts.