PRESIDENT Rodrigo Duterte said his administration had fulfilled its promises to the agriculture sector with the passage of laws such the Coconut Farmers and Industry Trust Fund Act and the Rice Tariffication law.
"We have returned ... the coco levy funds to its true and rightful owners, our coconut farmers. The fund is now worth P75 billion which will be utilized for programs and developments plans for the development of the coconut industry," Duterte said during his sixth and final State Of the Nation Address (SONA) on Monday, July 26.
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