Philippine coconut authority and industry calling for B5 implementation

In the Philippines, the national coconut authority and the local industry are calling on the government to implement the B5 mandate in order to push farmgate coconut prices back about the cost of production. In some remote areas, prices have fallen below the cost of production, damaging rural economies and poor families. To implement the B5 mandate would require 360 million liters of coconut methyl ester or about 450,000 metric tons of coconut copra for feedstock.