Last year, according to the news copra prices dropped to PHP14/kilo. Our family said that in our area, it dropped to PHP15/kilo, a sure way to burn down any capital available. It takes PHP20/kilo of copra for them to make a small profit. PHP15/kilo is simply a sure way to burn down ones capital in a short period of time.
So I encountered this article from Business World – Coconut oil exports surge as of January (2013). Is this really the start of the price recovery of copra? I hope so, for the sake of our Sorsoganon farmers.
- Rice production in Sorsogon falls short of local demand – NFA official (sorsogoncity.wordpress.com)
- Abaca plantation in Sorsogon town up for rehab (sorsogoncity.wordpress.com)
- Price of Copra in Sorsogon Dropped to P14 a Kilo in October (sorsogoncity.wordpress.com)