KMP insists on coco levy fund distribution

THE Kilusang Magbubukid ng Pilipinas (KMP) and the claimants movement Coco Levy Fund Ibalik sa Amin (CLAIM) on Saturday lambasted senator-elect Francis “Kiko” Pangilinan for “rejecting and distorting” their demand for the cash distribution of the coconut levy fund to small coconut farmers.

The KMP issued the statement after Pangilinan said he foresees problems if the money will be distributed to farmers. He said that “if the P72 billion in the national treasury would be distributed outright to three million coconut farmers, each farmer would get only around P20,000.”