The Coconut sub sector has achieved a substantial level of growth of 7.0 percent in the third quarter of 2014 compared to the heavy drop of 32.3 percent reported in third quarter of 2013.
According to the statistics of Coconut Development Authority, the favorable rainfall prevailed in the districts belonging to the coconut triangle in the late months of the 2013 was the main reason for the improvement in production.
Hence 725.78 million nuts production was reported in third quarter 2014 which showed a 12.3 percent increase over the period. The farm gate prices showed a slight drop in the third quarter of 2014 compared to third quarter 2013.
(ST/KH)
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