India first in coconut production

Q.  Which of the following is/are true regarding Coconut production?

1) India is a leading country in coconut production in the world.
2) However, India ranks second in coconut productivity in the world.
- Published on 06 Sep 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 1
 
  • India is a leading country in coconut production and productivity in the world.
  • The central government's new foreign trade policy for 2015-20 is to promote the export of coconut products, exports value (FOB) of up to 5% as incentives are given.
  • The export of coconut products is likely to rise in the future, because price is being extremely competitive.
  • From the beginning of this financial year, India, Malaysia, Indonesia and Sri Lanka has been exporting coconut oil, whereas in previous years coconut oil was being imported from these countries.
  • Desiccated coconut export to US and Europe in large quantities is also being done from India for the first time.

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