KIK also would like to encourage its stockholders and stakeholders to also embrace these core values so they become the coconut industry’s shared values in the conduct of their roles in developing the coconut industry in PNG.
These values are;
Integrity, stewardship, service, respect, teamwork, innovation, and environmentally accountable in the discharge of its mandate.
The Kokonas Indastri Koporesen (KIK) of PNG is a statutory regulatory institution for the coconut industry in PNG and is the fourth most significant agriculture cash crop in terms of its economic importance to PNG. According to the most recent national census figures, a total of 464,328 households (35% of the total households in PNG or an estimated 2.6 million people) are engaged in coconut activities in PNG to either generate income and/or as food to supplement their livelihoods. From this sum, 134,655 (29%) were engaged in cash generating activities whilst 329,673 (71%) were engaged for their own use. The latter reflects the importance of the coconut as a food item throughout the country, from the coastal regions where it is predominantly grown to the highlands of PNG where it has become an important food item in the daily diets. On average, the industry contributes over K126.5 million per year to the PNG economy through the export revenue it generates. The KIK estimates that over 70% of this is usually transmitted directly to copra producers.
The coconut industry played a significant part in the colonial days and in the lead up to independence in terms of its contribution to the national economy in generating revenue and providing employment for a colony contemplating self-government and eventual independence. As other cash crops grew in economic importance and the mineral sector boomed the coconut industry has been displaced in economic importance but has maintained its social importance as a ‘must use’ ingredient in every PNG families’ food preparation and will remain so for many years to come.
The KIK head office is located in Port Moresby in the National Capital District. There are three regional offices, and these are located in Port Moresby, Kokopo and Madang.