In a ruling of the Supreme Court (SC) en banc written by Associate Justice Presbitero J. Velasco Jr. dated Nov. 27, 2012 and with a vote of eight justices and six inhibitions, the SC denied the petition of Cojuangco questioning the ruling of the Sandiganbayan in July 2003 which declared that the subject shares as part of assets were illegally acquired from coconut levy funds.
The coconut has maintained its position as the top agricultural crop exported in many forms either as food or non-food classified as traditional or non-traditional, to 130 countries.
Makapuno nut is very distinct from ordinary coconut where the inside is filled with meat. It is a genetic abnormality occasionally produced by tall coconut varieties. It is highly valued for its soft glutinous meat popularly used as sweetened dessert, ice cream flavoring and as ingredient for candies and pastries.