17/08/2024
There is a popular saying in Hainan, ”Hainan is home to Chinese coconuts, and the city of Wenchang produces half of Hainan’s coconuts. “In the Chinese culture, coconut is a healthy food and matches well with other food when used in cooking. Coconut chicken and coconut cookies are very popular.
South China‘s Hainan Province is the country’s main coconut producing area, accounting for 99 percent of the country‘s total planting area for the fruit. Not only does it boast a number of leading coconut processing companies, an international coconut trading center and a coconut cultural museum will be established to promote the development of the local coconut industry.
Coconut Palm Group’s main product is coconut juice. This product has become a household drink on the dining tables of many Chinese families, generating annual revenue of around 4 billion yuan in the past 10 years. In 2022, the company partnered with Luckin Coffee to launch a coconut latte. In the first week of its launch, sales reached nearly 5 million cups!
In recent years, benefiting from the establishment of the Hainan Free Trade Port, more and more international companies, coconut investors, and high-end talent have made Hainan their home, providing Hainan coconut companies with greater market and cooperation opportunities. Coconut companies have enjoyed the preferential tariff policies. For example, recently, Chunguang‘s automated intelligent production line for coconut juice imported from abroad has been exempted from the import tariff and value-added tax by nearly 10 million yuan.
