WITH government's latest penetration into the Korean market, it expects to open up new opportunities for the coconut industry.
Minister for Agriculture Lieutenant Colonel Inia Seruiratu said the government was keen to revive the industry, particularly in the maritime zone.
Lt-Col Seruiratu said the government introduced a few initiatives in the North for this purpose.
"These include the improvement of copra prices from $500 to $700 a tonne," he said.
"The initiative has drawn the interest of farmers and increased the flow of copra supply to mills.
"There is a plan already in place and approved by government for the restructure of the copra industry."
Lt-Col Seruiratu said the restructure would begin this year.
"We introduced the one million coconut trees last year at the opening of the Asia Pacific coconut meeting.
"We are also thankful for the interest and latest segments of the industry, including virgin coconut oil.
"These one million coconut trees have been earmarked to be one of the biggest projects for Fiji and we need to consider the replacement of older coconut trees we have because the coconut is here to stay."