Agriculture Secretary Francisco P. Tiu Laurel Jr. is seeking the support of key government agencies, particularly the Central Bank and the Department of Foreign Affairs, in the Department of Agriculture’s renewed effort to revitalize the abaca industry—an essential sector that provides livelihoods for over 1.5 million Filipinos.
Abaca, internationally known as Manila hemp, is indigenous to the Philippines, which accounted for 86 percent of the global supply in 2023. From 2014 to 2023, the abaca industry generated an average annual export revenue of USD 139.2 million, with 18 percent derived from raw fiber and 82 percent from manufactured products, primarily pulp. Nearly all abaca pulp produced in the Philippines is exported.
“We will request that the Bangko Sentral ng Pilipinas reconsider its decision to remove abaca fiber from Philippine banknotes, given the impact this decision has on the livelihoods of millions who rely on the abaca industry,” said Secretary Tiu Laurel. “We will also urge the Department of Foreign Affairs to incorporate abaca fiber into Philippine passports and ask other government agencies to consider its use in official documents.”
Philippine Fiber Industry Development Authority (PhilFIDA) Executive Director Arnold “Ali” Atienza emphasized that the government should take the lead in supporting an industry that not only generates national pride but also produces products highly valued overseas. He also highlighted that promoting the abaca industry aligns with the global shift toward sustainable industries.
“Abaca is biodegradable and can be recycled into compost, benefiting the farming community. As the world’s largest supplier of abaca, we have a responsibility to ensure that more of this valuable resource is available to support both the environment and local farmers,” Atienza stated. He also pointed out that the 120,145 farmers engaged in abaca cultivation are among the poorest in the country, earning an estimated annual gross income of less than P40,000.
