A plan for the acquisition of an approximately 1,000-acre property at Water Valley, St Mary, to grow coconuts and do end products processing, has been put on hold by the Coconut Industry Board, CIB, as it completes board changes and its management contemplates the next steps for the commodity board amid the ongoing COVID-19 pandemic. But pandemic or not, the 75-year-old state-owned body has no plans to abandon its $3 billion masterplan for the revitalisation and increased commercialisation of the industry, its administrator has said. The CIB is a statutory body established by the Coconut Industry Control Act of 1945. It is responsible for monitoring and informing the Government of Jamaica of the state of the coconut industry, advising growers of best practices and providing high quality planting materials to coconut growers.