Coconut farmers demand cash distribution, control over coco levy funds
Coconut farmers demand cash distribution, control over coco levy funds
MANILA — Not so fast, Agriculture Secretary Proceso Alcala. Your promises are no good, and the coconut farmers need cash.
Coconut farmers led by the Kilusang Magbubukid ng Pilipinas and the Kaisahang Pambansa ng mga Magsasaka sa Koprahan (Koprahan) have formed the alliance Coco Levy Funds Ibalik sa Amin (CLAIM) in a program in Pagbilao, Quezon province to systematize their campaign to recover the multi-billion coconut levy funds.The coco levy funds amount to P70 billion ($1.66 billion) representing a 24-percent block of San Miguel Corp. shares recovered by the government.
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