The Philippine Fiber Industry Development Authority (PhilFIDA) is set to use the Philippine Coconut Authority’s (PCA) daily price monitoring system to track abaca prices more effectively.
PhilFIDA said the move aims to address farmers’ concerns over the growing gap between what they receive for abaca at the farmgate and the price pulp producers charge. While no specific price figures were given, the agency emphasized that greater market transparency and fairness are expected with this new system.
The agencies are also discussing a memorandum of understanding to promote abaca-coconut intercropping. This includes plans for a study comparing incomes from abaca-only farms versus mixed abaca-coconut farms. Funding support through the Department of Agriculture’s High Value Crops Development Program is also being explored to help farmers adopting intercropping.
Additionally, PhilFIDA and PCA agreed to revive efforts on a joint administrative circular to clarify their roles in regulating the coir industry, aiming to support its long-term sustainability.
The PCA monitors daily copra prices, with the latest data showing an average mill gate price of P70.99 per kilo and a farmgate price of P58.44 per kilo as of October 22, 2025.
PCA is tasked with developing the coconut industry, while PhilFIDA focuses on the growth of the country’s fiber industry.
